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IAAO - Course 101 Exam Questions & Answers

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Discover List Value taxable property - answer-Basic appraiser responsibilities Standard 6: Scope of Work - answer-USPAP standard for appraisal practice ad valorem tax - answer-Property tax based on value Tax Rate (formula) - answer-Budget (minus other revenue) / Assessed Value of Jurisdiction Tax Bill (formula) - answer-Tax Rate x Ind. Property Assessed Value Assessed Value (AV) formula - answer-Assessment Ratio (AR) x Market Value (MV) Property Tax Revenue (formula) - answer-Budget minus other revenue ETR (Effective Tax Rate) - answer-Reflects the ratio between the current tax bill and the property value. ETR formula - answer-A (assessment ratio) x T (tax rate) Real Property - answer-Interests, benefits, and rights associated with real estate ownership

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Iaao 101

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Uploaded on: May 25, 2024
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iaao course 101 exam questions answers

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IAAO - Course 101 Exam Questions & Answers

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