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IAAO 400 EXAM 2025 QUESTIONS AND ANSWERS A property assessment system organizes resources to carry out the primary assessment responsibilities of , , and properties, in accordance with property tax laws and regulations. - ....ANSWER ...-Discovery, Listing, and Valuing Name the 14 Attributes of an Effective Assessment System ....ANSWER ...-Legal, Ratio Studies, Adequate Budget, Competent Staff/Effective Training Program, Effective Internal Controls, Organizational Plan, Standards of Practice, Monitoring Activities, Security Procedures, Complete Maps and Property Data, Accurate Market Data, Information Systems, Effective Valuation techniques, and Active Public Relations Program What must sellers disclose to assessor upon sale of property ....ANSWER ...-Sales price, rents, and operating expenses What must assessor disclose to Taxpayers - ....ANSWER ...-Increases in tax levies ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1