PROPERTY VALUATION ADMINISTRATOR
UPDATED SCRIPT 2026 PRACTICE
SOLUTIONS GRADED A+
● appraiser. Answer: an individual who is trained and licensed to
perform appraisals, which estimate the value of real property
● appreciation. Answer: the increase in value of a property
● assemblage. Answer: the combining of multiple contiguous pieces of
real property into a single tract of land, often resulting in an increase in
value
● assessed value. Answer: the value placed on a property by a
governmental unit for use in calculating property taxes
● contribution. Answer: the amount of market value added to a property
by an addition or improvement to the property; not necessarily the same
as the cost of the improvement
● demand. Answer: a measure of the general desire for an asset or
commodity at a given time
UPDATED SCRIPT 2026 PRACTICE
SOLUTIONS GRADED A+
● appraiser. Answer: an individual who is trained and licensed to
perform appraisals, which estimate the value of real property
● appreciation. Answer: the increase in value of a property
● assemblage. Answer: the combining of multiple contiguous pieces of
real property into a single tract of land, often resulting in an increase in
value
● assessed value. Answer: the value placed on a property by a
governmental unit for use in calculating property taxes
● contribution. Answer: the amount of market value added to a property
by an addition or improvement to the property; not necessarily the same
as the cost of the improvement
● demand. Answer: a measure of the general desire for an asset or
commodity at a given time
