Iaao 101 Study guides, Class notes & Summaries
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 - Quizzes | Questions with 100% Correct Answers | Verified | Updated 2024
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IAAO 101 - Review Questions with Certified Solutions
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IAAO 101 - Review Questions with 
Certified Solutions 
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 jurisd...
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IAAO 101 Exam Review Questions With 100% Correct And Verified Answers 2024
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IAAO 101 Exam Review Questions With 100% Correct And Verified Answers 2024
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iaao 101 (actual exam)questions,answers 2024 – 2025
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iaao 101 (actual exam)questions,answers 2024 – 2025
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IAAO 101 - Review Questions
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IAAO 101 - Review 
Questions 
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 a...
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IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified
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IAAO 101 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified
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IAAO 101 - Review Questions
- Exam (elaborations) • 10 pages • 2023
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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...
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IAAO 101 - Review Questions
- Exam (elaborations) • 10 pages • 2024
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IAAO 101 - Review 
Questions 
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 a...
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IAAO 101 – QUESTIONS & VERIFIED ANSWERS
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IAAO 101 – QUESTIONS & VERIFIED ANSWERS
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IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED)
- Exam (elaborations) • 6 pages • 2024
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IAAO 101 Exam Questions With Correct Answers Latest Updaed 2024/2025 (GRADED) ad valorem - Answer- According to Value 
The basic responsibilities of an Appraiser to all taxable property. - Answer- 1. Discovery 
2. Listing 
3. Valuation 
The taxable location of personal property is referred to as its' - Answer- Situs 
The type of value usually estimated by an Appraiser is the - Answer- Market Value 
The effective tax rate reflects the ratio between what - Answer- The current tax bill and 
the pr...
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