IAAO Workshop 852 AAS Case Study (2022/2023) Rated A+

Leverage The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds list, value, discover The basic responsibilities of the assessor for all taxable property. Conduct periodic on-site inspection of properties One of the steps an assessor must take in the discovery of property Ad Valorem The property tax, meaning it is based on value. Budget Divided by the assessed value equals the tax rate Effective tax rate Assessment level times the tax rate equals the Real property Land and everything permanently attached to it Eminent domain Is a government restriction to the bundle of rights To use, to lease or rent, to enter or leave Basic rights associated with the ownership of property Equilibrium The point at which the forces of supply and demand meet Fee simple ownership of all the rights of property, except those reserved by t