1
Certified Pennsylvania Evaluator Exam
(CPE) 2025 Edition. Questions & Correct
Answers. Graded A
1 mill - ANS.001 in mills
10 mills - ANS.010 in mills
100 mills - ANS.100 in mills
30 - ANSHow many days to file appeal to common please court after
board's decision?
7 Steps in the appraisal process - ANS1. Define the problem
2. identify the scope of work
3. preliminary survey and planning
4. data collections and analysis
5. highest and best use analysis
6. application of the date and the approaches to value
7. reconciliation
90 - ANSMinimum number of class hours to sit for the CPE test
acre - ANSused in valuation of large industrial sites, shopping centers, rural
properties and agricultural properties
1
, 2
act 28 of 1992 - ANSThe act the certified assessors
Ad valorem - ANSAt value.
The ad valorem tax is one which is based on the value of tangible and
intangible property.
Ad Valorem - ANSLatin for "according to value".
Ad Valorem Taxation - ANSTaxes are levied according to the value of the
property
Agents of Production - ANS1. Labor
2. Management
3. Capital
4. Land
All appeals must be heard and decided by what date? - ANSOctober 31st
All notice of appeal decisions must be mailed - ANSNovember 15th
Always compare what to what for sales comparison approach? - ANSSale
to the subject
An appraiser must perform assignments with what? - ANSImpartiality,
Objectivity and Independence, without accommodation of personal interest
2
, 3
An Assessor is accountable to whom? - ANSHimself, taxpayers and all
taxing authorities
Appraisal Process - ANSa systematic, logical method of collecting,
analyzing and processing data into an intelligent, well-reasoned value
estimate
Approaches to value used exclusively for land - ANSmarket and income
Article VIII Section 1 - ANSThis is known as the uniformity clause of the
Pennsylvania constitution.
Provides that all persons and property (tangible and intangible) be
assessed and taxed uniformly as a class.
Uniformity!
As assessment office must have which legally required materials readily
available and easily accessible to the public? - ANS1. property record cards
2. maps
3. Tax duplicates
4. alphabetical index
ASB - ANSAppraisal Standards Board
assemblage - ANSthe combining of two or more parcels, usually but not
necessarily contiguous, into one or more ownership or use.
Process to create plottage
3
, 4
Assessment X Millage Rate = - ANSTaxes to be paid by the taxpayer
Assessment/Sales Price - ANSCommon Level Ratio
Assessor - ANSAny person responsible for the valuation of real property for
ad valorum taxation purposes
Assessors are charged with the responsibility of administering what? -
ANSA uniform and equitable assessment system
Assessors Certification Date - ANSNovember 15th
Base Year - ANSThe year upon which real property values are based for
the most recent countywide reassessment or other prior year for which the
market value of all real estate of the county is based.
Base Year Market Value X Predetermined Ratio= - ANSAssessment
Bimodal - ANSA dataset that contains two data values that have the highest
frequency
buildable units - ANSUsed when the market indicates the site sold on a per
unit basis.
Typically used for parking lots and priced per parking spot
Used more prevalent when dealing with improvements such as apartments
and hotels.
4
Certified Pennsylvania Evaluator Exam
(CPE) 2025 Edition. Questions & Correct
Answers. Graded A
1 mill - ANS.001 in mills
10 mills - ANS.010 in mills
100 mills - ANS.100 in mills
30 - ANSHow many days to file appeal to common please court after
board's decision?
7 Steps in the appraisal process - ANS1. Define the problem
2. identify the scope of work
3. preliminary survey and planning
4. data collections and analysis
5. highest and best use analysis
6. application of the date and the approaches to value
7. reconciliation
90 - ANSMinimum number of class hours to sit for the CPE test
acre - ANSused in valuation of large industrial sites, shopping centers, rural
properties and agricultural properties
1
, 2
act 28 of 1992 - ANSThe act the certified assessors
Ad valorem - ANSAt value.
The ad valorem tax is one which is based on the value of tangible and
intangible property.
Ad Valorem - ANSLatin for "according to value".
Ad Valorem Taxation - ANSTaxes are levied according to the value of the
property
Agents of Production - ANS1. Labor
2. Management
3. Capital
4. Land
All appeals must be heard and decided by what date? - ANSOctober 31st
All notice of appeal decisions must be mailed - ANSNovember 15th
Always compare what to what for sales comparison approach? - ANSSale
to the subject
An appraiser must perform assignments with what? - ANSImpartiality,
Objectivity and Independence, without accommodation of personal interest
2
, 3
An Assessor is accountable to whom? - ANSHimself, taxpayers and all
taxing authorities
Appraisal Process - ANSa systematic, logical method of collecting,
analyzing and processing data into an intelligent, well-reasoned value
estimate
Approaches to value used exclusively for land - ANSmarket and income
Article VIII Section 1 - ANSThis is known as the uniformity clause of the
Pennsylvania constitution.
Provides that all persons and property (tangible and intangible) be
assessed and taxed uniformly as a class.
Uniformity!
As assessment office must have which legally required materials readily
available and easily accessible to the public? - ANS1. property record cards
2. maps
3. Tax duplicates
4. alphabetical index
ASB - ANSAppraisal Standards Board
assemblage - ANSthe combining of two or more parcels, usually but not
necessarily contiguous, into one or more ownership or use.
Process to create plottage
3
, 4
Assessment X Millage Rate = - ANSTaxes to be paid by the taxpayer
Assessment/Sales Price - ANSCommon Level Ratio
Assessor - ANSAny person responsible for the valuation of real property for
ad valorum taxation purposes
Assessors are charged with the responsibility of administering what? -
ANSA uniform and equitable assessment system
Assessors Certification Date - ANSNovember 15th
Base Year - ANSThe year upon which real property values are based for
the most recent countywide reassessment or other prior year for which the
market value of all real estate of the county is based.
Base Year Market Value X Predetermined Ratio= - ANSAssessment
Bimodal - ANSA dataset that contains two data values that have the highest
frequency
buildable units - ANSUsed when the market indicates the site sold on a per
unit basis.
Typically used for parking lots and priced per parking spot
Used more prevalent when dealing with improvements such as apartments
and hotels.
4
