Iaao 101 Practice Tests Study Guide Questions And Correct Answers

A complete set of ___________ maps showing boundaries, parcel sizes, sales information, and other relevant features of all parcels in a jurisdiction is a necessary tool for assessors. {Ans: Cadastral}The sales comparison approach usually __________ be used to value special-purpose or one-of-a-kind properties. {Ans: Cannot}Which of the following is not one of the four great forces by which value is created, maintained, modified, or destroyed? A. Economic B. Conceptual C. Social D. Governmental {Ans: B. Conceptual}Ownership of all legal rights to property is limited by government in four ways: {Ans: 1. Taxation 2. Eminent Domain 3. Police Power 4. Escheat}The appropriate map scale for suburban areas and small towns is _______. {Ans: 1"=200'}The assessor is responsible for the _______, ________, and __________ of all taxable property. {Ans: Discovery, Listing, Valuation}