Highlighted iaao 101 Study guides, Class notes & Summaries

Cadastral map - Answer- an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value - Answer- property taxis based on taxable value How tax rates are expressed - Answer- $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 08 62.5 mills= .0625 what is the amount of property tax for subject? - Answer- tax rate X assessed value market value X assessment ratio - Answer- assessed value tax rate X assessed value = - Answer- taxes ...

Replacement cost new (RCN) - Answer- replacement cost is the current cost of producing a building or improvement with the same utility Quality survey method - Answer- this is the most comprehensive and accurate method of cost estimation, generalized by engineers. architect, contractors, cost estimators, and builders complete cost itemization of all direct and indirect cost incurred in the construction of a building is the basis for developing the unit-in-place method cost of estimatio...

Highlighted IAAO 101- chapter 1-2 questions with correct answers

Cadastral map CORRECT ANSWER an accurate set of assessment maps . is the major tool for locating and identifying taxable property assessed value CORRECT ANSWER property taxis based on taxable value How tax rates are expressed CORRECT ANSWER $65.00/$1000 = .065 72 mills = .072 $8.00/$100= . 08 62.5 mills= .0625 what is the amount of property tax for subject? CORRECT ANSWER tax rate X assessed value market value X assessment ratio CORRECT ANSWER assessed value tax rate X assessed...