The assessment roll for real property taxes is the listing of all taxable properties in the assessor's jurisdiction with the assigned assessed value for the properties. The purpose of the assessment roll is for:

A: Establishment of the tax base;
B: Equalization of assessments;
C: Establishment of the actual tax amount;
D: Setting the tax rates.

Answer: A: Establishment of the tax base;

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Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true?

I. The endorsement provides open-perils ("all-risks") coverage on the scheduled property. II. Losses under the endorsement are settled on an actual cash value basis. A) I only B) II only C) both I and II D) neither I nor II

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