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Sarah invited my wife and ______________ to the party. - ️️me She is the _______________ of two sisters and the _______________ of five cousins - ️️older/oldest The department held a meeting to discuss __________ budget, and members of staff were invited to give __________ opinions. - ️️its/their The students were animated, the teacher was, too. - ️️comma splice Which type of sentence contains two or more independent clauses and one or more dependent clauses? - ️️...

Writing assignments account for ___________ of your course grade. - ️️60% If you leave class early without permission, you will ______________________________. - ️️be counted absent for that class period A fact error will incur a grade deduction of _____________ before Lab 8b, and a grade deduction of ______________ after Lab 8b. - ️️25 percent / 50 percent Plagiarism is best defined as ______________________________________. - ️️the representation of the words and ideas...

Errors in media messages erode the ? of the organization sending the message. - ️️credibility What federal agency levies fines against companies for false advertising? - ️️Federal Trade Commission Many scholars blame the "era of error" in media messages on ? - ️️the 24/7 news cycle A statement damaging a person's reputation is ? - ️️libel Which medium typically has the most rigorous fact-checking process? - ️️Magazines Which of the following is a primary sou...

ad valorem - ️️According to Value The basic responsibilities of an Appraiser to all taxable property. - ️️1. Discovery 2. Listing 3. Valuation The taxable location of personal property is referred to as its' - ️️Situs The type of value usually estimated by an Appraiser is the - ️️Market Value The effective tax rate reflects the ratio between what - ️️The current tax bill and the property value Assessment level times the tax rate equals - ️️The effective ...

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 appraisal A jurisdiction's tax rat...

The basic responsibilities of the assessor are to _________ all taxable property. - ️️A. List B. Value C. Discover D. All of the Above One of the steps an assessor must take in the discovery of property is to: - ️️conduct periodic on-site inspections of properties The property tax is a/an _________________ tax, meaning it is based on value. - ️️ad valorem Assume the following characteristics for a single-family residence: Actual value=$175,000; assessment level=20 pe...

The basic responsibilities of the assessor are to ___________________ all taxable property - ️️Discover, List, and Value One of the steps an assessor must take in the discovery of property is to - ️️Conduct periodic on-site inspections of properties The property tax is a/an _____________________ tax, meaning it is based on value. - ️️Ad Valorem If a tax rate is $13.30 per $100, the decimal equivalent would be - ️️0.1330 Actual value = $175,000; assessment level = 20 p...

In the form of government known as _____________, power is divided between central and regional governments. - ️️Federalism ______________ is the cultural concept related to legal relationships about things that can be possessed. - ️️Property The main difference between taxes and fees is that taxes are (BROAD / NARROW) and (PROVIDE / DO NOT PROVIDE) the tax payer a direct benefit. - ️️Broad Do not provide The U.S. property tax system uses property value as an indicator of (...

Potential Gross Income - ️️Annual gross income Market rent - ️️The rental income a property would most probably command in the open market Balance - ️️The principle that real property value is created and sustained when contrasting, opposing, or interacting elements are in a state of equilibrium. (Value is maximized when the 4 agents of production are in their proper allocation.) Conformity - ️️States that overall,the prices of an area will be maximized if structures are...

What is a requirement of both single-property and mass appraisal? - ️️Uses three basic approaches to value What is the first step in the mass appraisal process? - ️️definition of the problem List the three types of data that must be collected in analyzing the market. - ️️General data Specific data Comparative data Identifying supply and demand factors that best explain values in a specific market, and expressing them in an equation is called _______________________________...

Land - ️️An immovable and indestructible three-dimensional area consisting of a portion of the earth's surface, the space above and below the surface, and everything growing on or permanently affixed to it. Five Attributes of Land - ️️"PUFFS" Permanent Unique Finite Supply Functional Stationary Four Value Characteristics of Land - ️️"DUST" Demand Utility Scarcity Transferability Raw Land - ️️is in its natural state, prior to grading, construction, and subdi...

Discover List Value taxable property - ️️Basic appraiser responsibilities Standard 6: Scope of Work - ️️USPAP standard for appraisal practice ad valorem tax - ️️Property tax based on value Tax Rate (formula) - ️️Budget (minus other revenue) / Assessed Value of Jurisdiction Tax Bill (formula) - ️️Tax Rate x Ind. Property Assessed Value Assessed Value (AV) formula - ️️Assessment Ratio (AR) x Market Value (MV) Property Tax Revenue (formula) - ️️Budget...

A property assessment system organizes resources to carry out the primary assessment responsibilities of _______, _________, and __________ properties, in accordance with property tax laws and regulations. - ️️discovery listing valuing Standards of practice are necessary to ensure: - ️️Appraisal accuracy Work is finished on time Staff and resources are used wisely All of the above Ratio studies are often used for oversight purposes. However, they can also be used for interna...

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...

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