Iaao coure 402 Study guides, Class notes & Summaries
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IAAO Coure 402 Quiz #2: Chapters 5-6 Questions and Answers
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When overall property tax revenue doubles after a reappraisal: A. Effective budget caps are being used B. The reappraisal is to blame C. A rate driven system is most likely in place D. A budget driven system is most likely in place - Answer- C Tax system that incorporate extra amounts of public notice when there are tax increases are known as: A. Budget driven B. Truth in taxation C. Rate driven D. Informative - Answer- B A key advantage to using current market value as the bas...
