"Welcome Stranger" Assessment Occurs When

question 8

Multiple Choice

"Welcome Stranger" assessment occurs when:

• A) real property is assessed only at infrequent intervals, causing substantial tax increase in those reassessment years.
• B) real property is revalued for tax purposes only when it is sold
• C) real property assessments increase more rapidly than prevailing property values.
• D) real property is reassessed more frequently than personal property.

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Definitions:

Public Pension System

A government-established program designed to provide retirement income to individuals who have contributed to the system during their working years.

Inferential Statistics

A branch of statistics that allows us to make predictions or inferences about a population based on a sample of data taken from that population.

Chance

The occurrence and development of events in the absence of any obvious design or intent.

Dependent Variable

In experimentation, it's the variable being tested and measured, which is expected to change under the influence of the independent variable.