Kentucky Property Valuation Administrator Certificate of Fitness and Qualification Exam Questions and Correct Answers 2026 – Complete Practice Test & Study Guide

KENTUCKY PROPERTY VAUATION ADMINISTRATOR
CERTIFICATE OF FITNESS AND QUALIFICATION
EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) Q&A 2027 |INSTANT
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1. If a property is valued at $185,000 and the assessment ratio
is 100%, what is the assessed value?
A. $18,500
B. $185,000
C. $203,500
D. $1,850
Correct Answer: B. $185,000
Rationale: At a 100% assessment ratio, the assessed value
equals the property's taxable value.
2. What is 15% of $240,000?
A. $24,000
B. $30,000
C. $36,000
D. $40,000
Correct Answer: C. $36,000
Rationale: $240,000 × 0.15 = $36,000.
3. A property valued at $320,000 increases in value by 10%.
What is the new value?

,A. $330,000
B. $340,000
C. $352,000
D. $360,000
Correct Answer: C. $352,000
Rationale: The increase is $32,000, so $320,000 + $32,000 =
$352,000.
4. Which word is closest in meaning to “accurate”?
A. Approximate
B. Precise
C. Delayed
D. General
Correct Answer: B. Precise
Rationale: “Accurate” means correct or precise.
5. If a parcel has 2.5 acres and each acre contains 43,560
square feet, approximately how many square feet are in the
parcel?
A. 87,120
B. 98,010
C. 108,900
D. 120,500
Correct Answer: C. 108,900
Rationale: 43,560 × 2.5 = 108,900 square feet.
6. What is the main purpose of a property assessment?

,A. To determine ownership
B. To establish a value for taxation
C. To determine mortgage eligibility
D. To establish zoning restrictions
Correct Answer: B. To establish a value for taxation
Rationale: Property assessment establishes taxable property
values for ad valorem taxation.
7. A property has a market value of $275,000. If its value
decreases by 8%, what is the resulting value?
A. $253,000
B. $255,500
C. $260,000
D. $267,000
Correct Answer: A. $253,000
Rationale: Eight percent of $275,000 is $22,000; $275,000 −
$22,000 = $253,000.
8. Which number is greatest?
A. 0.45
B. 0.405
C. 0.54
D. 0.504
Correct Answer: C. 0.54
Rationale: Comparing decimals shows that 0.54 is the largest.

, 9. If four properties are valued at $150,000, $175,000,
$200,000, and $225,000, what is their average value?
A. $175,000
B. $185,000
C. $187,500
D. $190,000
Correct Answer: C. $187,500
Rationale: The total is $750,000; dividing by four gives
$187,500.
10. Which term means the value of property in the
marketplace based on supply, demand, and other market
conditions?
A. Market value
B. Book value
C. Salvage value
D. Original cost
Correct Answer: A. Market value
Rationale: Market value reflects the value indicated by market
conditions and transactions.
11. What is 3/4 expressed as a decimal?
A. 0.25
B. 0.50
C. 0.75
D. 1.25