Iaao 101 exam Study guides, Class notes & Summaries

iaao 101 Exam Questions With Correct Answers The basic responsibilities of the assessor are to ___________________ all taxable property Answer: Discover, List, and Value One of the steps an assessor must take in the discovery of property is to Answer: Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. Answer: Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be Answer: 0.1330 ...

Indirect methods of measuring depreciation - Answer- -Sales comparison (Market Extraction) -Capitalization of income method Financing - Answer- The first adjustment in the sales comparison approach is Sales Comparison Approach - Answer- A fundamental strength in this approach is that it reflects the actions of the marketplace as well as what by buyers & sellers are actually doing doing and paying. -Consumer tastes/preferences -Consumer income -Price of related commodities -Consumer ...

ad valorem - answer-According to Value The basic responsibilities of an Appraiser to all taxable property. - answer-1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - answer-Situs The type of value usually estimated by an Appraiser is the - answer-Market Value The effective tax rate reflects the ratio between what - answer-The current tax bill and the property value Assessment level times the tax...

IAAO 101 Exam Questions And Answers

IAAO 101 Exam With Latest Updated Test 2024

IAAO 101 Exam Questions With Verified Answers The basic responsibilities of the assessor are to _________ all taxable property. Answer: A. List B. Value C. Discover D. All of the Above One of the steps an assessor must take in the discovery of property is to: Answer: conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. Answer: ad valorem Assume the following characteristics for a single-family residen...

IAAO 101 Exam Questions with All Complete Solutions The basic responsibilities of an Appraiser to all taxable property. - ANSWER 1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - ANSWER Situs The type of value usually estimated by an Appraiser is the - ANSWER Market Value The effective tax rate reflects the ratio between what - ANSWER The current tax bill and the property value Assessme...

IAAO 101 Exam With Completely Solved Solutions 2024