Iaao 101 review questi Study guides, Class notes & Summaries
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IAAO 101 - Review Questions
- Exam (elaborations) • 10 pages • 2024
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IAAO 101 - Review 
Questions 
The property tax is an ____ __________ tax, meaning it is based on value. - ANSWER 
ad valorem 
The assessor is responsible for the _______, ________, and __________ of all taxable 
property. - ANSWER discovery 
listing 
valuation 
The taxable location of personal property is referred to as its __________. - ANSWER 
situs 
An estimate of value, usually in writing, of an adequately described property, as of a 
given date, is termed ___ ___________. - ANSWER an a...
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