Section 26, Unit 2: Assessments Exam Questions With Right Answers |Graded A+ .

SECTION 26, UNIT 2: ASSESSMENTS EXAM
QUESTIONS WITH RIGHT ANSWERS |GRADED A+ .


Tax Assesors Job - correct Answers -to assess or reassess each property in his town at a uniform
percentage of market value each year


each property in a NY town/city is assessed/reassessed at a uniform percentage of market value
each year except in - correct Answers -NYC and Nassau County, where assessments are uniform
within four separate property classes


When assessments are not kept up to date, - correct Answers -inequities can occur


taxpayers understand their assessments better when the assessments - correct Answers -when the
assessments correlate to market values.


The percentage of market value (or full market value) is called the - correct Answers -is called
the level of assessment or LOA


An LOA of 10 percent means that - correct Answers -means that assessments are made at 10
percent of the market value


An LOA of 100 percent is an - correct Answers -is an assessment at full value


When a town or city (other than NYC or Nassau County) assesses at a percentage of market
value (or full market value) all properties in that town must be - correct Answers -then all
properties in that town must be assessed at that same rate.


The LOA appears on both the - correct Answers -appears on both the assessment roll and the
property tax bill.