Under Most Local Property Tax Laws,the Value of an Asset

question 18

True/False

Under most local property tax laws,the value of an asset is fixed after an appraisal by the taxing jurisdiction.

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Definitions:

Law of Effect

A principle of learning that states behaviors followed by positive outcomes will be repeated, while those followed by negative outcomes will not.

Negative Reinforcement

A process in behavioral psychology where the removal of an unpleasant stimulus strengthens or increases the likelihood of a response.

Punishment

A consequence that reduces the likelihood of a behavior recurring, often by introducing a negative outcome or removing a positive condition.

Positive Punishment

Adding an undesirable stimulus to decrease the likelihood of a behavior occurring again.