IOWA DEPUTY ASSESSOR EXAM
QUESTIONS AND ANSWERS 100% PASS
2026/2027
Capitalization is the process used to: - ANS Convert income into an estimate of value
The underlying principle providing the basis of the income capitalization approach is: -
ANS Anticipation
The basic equation used in the income approach to value is: - ANS Income divided by rate
equals value
The anticipated income from all operations of the property adjusted for vacancy and collection
losses, and misc income is: - ANS Effective Gross Income
The rate that is the percentage that annual real estate taxes are in relation to the properties
total value is: - ANS Effective tax rate
One of the standard techniques used by appraisers when analyzing the income of property is to
divide the income being generated between the land and the improvements and then to
capitalize the residual income to the land into a value estimate - ANS Land residual technique
How many cubic yards of concrete would be required to pour a 400 sq/ft slab at 4 in thick -
ANS 4.94 cubic yards
2026/2027 ALLRIGHTS RESERVED
1
, A foundation wall that is 8 inches thick and contains 300 sq/ft would require how many cubic
yards of concrete? - ANS 7.41 cubic yards
Iowa assessors are appointed by: - ANS Conference board
The role of the assessor is - ANS Discover, list, & value
In Iowa, properties are to equalized per Iowa code 441.47: - ANS Every 2 years in odd
numbered years
A city may elect to have their own assessor if the city population is atleast: - ANS 10,000
Assessors must complete 150 hours of continuing education with how many tested hours -
ANS 90
Ad Valorem means: - ANS According to value
Loss of value due to location of a property is: - ANS Economic obs
Loss of value due to inefficiency of overcapacity is: - ANS Functional obs
To determine a value by using the income approach, which is the correct formula? -
ANS V=I/R
A property is renting for $800/month and has a GRM of 85. The indicated value is: -
ANS $68,000
The first step in the income approach is to: - ANS Estimate potential gross income
2026/2027 ALLRIGHTS RESERVED
2
QUESTIONS AND ANSWERS 100% PASS
2026/2027
Capitalization is the process used to: - ANS Convert income into an estimate of value
The underlying principle providing the basis of the income capitalization approach is: -
ANS Anticipation
The basic equation used in the income approach to value is: - ANS Income divided by rate
equals value
The anticipated income from all operations of the property adjusted for vacancy and collection
losses, and misc income is: - ANS Effective Gross Income
The rate that is the percentage that annual real estate taxes are in relation to the properties
total value is: - ANS Effective tax rate
One of the standard techniques used by appraisers when analyzing the income of property is to
divide the income being generated between the land and the improvements and then to
capitalize the residual income to the land into a value estimate - ANS Land residual technique
How many cubic yards of concrete would be required to pour a 400 sq/ft slab at 4 in thick -
ANS 4.94 cubic yards
2026/2027 ALLRIGHTS RESERVED
1
, A foundation wall that is 8 inches thick and contains 300 sq/ft would require how many cubic
yards of concrete? - ANS 7.41 cubic yards
Iowa assessors are appointed by: - ANS Conference board
The role of the assessor is - ANS Discover, list, & value
In Iowa, properties are to equalized per Iowa code 441.47: - ANS Every 2 years in odd
numbered years
A city may elect to have their own assessor if the city population is atleast: - ANS 10,000
Assessors must complete 150 hours of continuing education with how many tested hours -
ANS 90
Ad Valorem means: - ANS According to value
Loss of value due to location of a property is: - ANS Economic obs
Loss of value due to inefficiency of overcapacity is: - ANS Functional obs
To determine a value by using the income approach, which is the correct formula? -
ANS V=I/R
A property is renting for $800/month and has a GRM of 85. The indicated value is: -
ANS $68,000
The first step in the income approach is to: - ANS Estimate potential gross income
2026/2027 ALLRIGHTS RESERVED
2
