IAAO Study guides, Class notes & Summaries

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...

IAAO 201 exam with 100% correct answers

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

QUUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

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...

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...

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

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

IAAO 500 - Review Questions with 100% Correct Answers | Latest Update 2024 | Verified