1 acre equals sq feet Study guides, Class notes & Summaries

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 property value Assessment level times the tax rate equals - Answer- Th...

Basic Appraisal Principles Exam Question Review Which of the following items are considered to be personal property? a. a tree orchard b. built-in cabinetry c. furniture d. interior light fixtures - ANS c Mayes owns a property buy has leased it to Jacobs. Which term describes Jacobs' right in the property? a. Fee simple interest b. Leased fee interest c. Leasehold interest d. Lessor interest - ANS c Real estate is best described as a. everything resting on t...