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IAAO 400 EXAM 2025 QUESTIONS AND ANSWERS Primary Assessment Responsibilities - ....ANSWER ...-discovery, listing, and valuing properties in accordance with property tax laws and regulations. Attributes of an Effective Assessment System - ....ANSWER ...-Legal framework, periodic ratio studies, adequate budget, a competent staff and an 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, active public relations program. Legal Framework - ....ANSWER ...-includes a full market value system and annual reappraisals. laws that mandate the disclosure of sale prices, rents, and operating expenses to assessors. laws that require public notice of, and control on, increases in tax levies made possible by reappraisal. ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1