Iaao 101 review questions Study guides, Class notes & Summaries

IAAO 101 - Review Questions and verified answers latest 2023/2024 complete solution

IAAO 101 - Review Questions and Answers 2023 with complete solution The property tax is an ____ __________ tax, meaning it is based on value. ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. discovery listing valuation The taxable location of personal property is referred to as its __________. situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. an a...

IAAO 101 Review - Questions And Correct Answers

IAAO 101 - Review Exam | Questions with 100% Correct Answers | Verified | Updated 2024

IAAO Course 101 Review | Questions with 100% Correct Answers | Verified | Updated 2024

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 appraisal A jurisdiction's...

IAAO Course 101 Review Questions with Verified Answers Tax Rate (def.) Percent of assessed value at which each property is taxed in a given district. Tax Rate (formula) Tax revenue (amount) / Assessed value Property Tax (formula) Subject assessed value / Tax rate Budget Revenue (formula) Total budget - Other taxes Effective Tax Rate (def.) Reflects the relationship between total property taxes on real property and the property's market value. Effective Tax Rate (formula) Assessment rati...

IAAO 101 - Review Questions And Answer Rated 100% Correct!!

IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified