IAAO 402 EXAM SCRIPT 2026 COMPLETE
QUESTIONS AND SOLUTIONS 100% CORRECT
◉ Fiscal Federalism. Answer: Federal grants to state and local
governments are an example of - subsidiarity implying that it is most
efficient to find local governments using a mix of locally sourced
funding (property tax) and higher-level government funding (federal
grants)
◉ property - income - sales. Answer: major taxes used by state and local
governments are
◉ False. Answer: the government plays no role in a mixed market
economy
◉ Providing Property Tax Data
Distinguishing source of problems
Understanding Policy Issues
Advocacy. Answer: What are the key roles of assessing officers
◉ stabilization - redistribution - resource allocation. Answer: 3
economic roles of government
QUESTIONS AND SOLUTIONS 100% CORRECT
◉ Fiscal Federalism. Answer: Federal grants to state and local
governments are an example of - subsidiarity implying that it is most
efficient to find local governments using a mix of locally sourced
funding (property tax) and higher-level government funding (federal
grants)
◉ property - income - sales. Answer: major taxes used by state and local
governments are
◉ False. Answer: the government plays no role in a mixed market
economy
◉ Providing Property Tax Data
Distinguishing source of problems
Understanding Policy Issues
Advocacy. Answer: What are the key roles of assessing officers
◉ stabilization - redistribution - resource allocation. Answer: 3
economic roles of government
