Certified Pennsylvania Evaluator (CPE)
Exam Latest Update
The most popular method of listing is? --- correct answer ---Property
review or Property inspection
How is depreciation calculated? --- correct answer ---Effective Age ÷
Economic life
In determining value, the board must consider what? --- correct
answer ---All 3 approaches to value
What are the 3 approaches to value? --- correct answer ---Cost, Sales,
Income
Who sets the common level ratio (CLR)? --- correct answer ---STEB
(State Taxation Equalization Board)
What is price defined as? --- correct answer ---the amount of money
given or expected in the exchange for property.
,Who sets the pre-determined ratio (PDR)? --- correct answer ---
County commissioners?
CLR is applied to what to get a revised assessment? --- correct answer
---Current Market Value.
PDR is applied to what to get the assessment? --- correct answer ---
Base Year Market Value
What is Value in Exchange? --- correct answer ---Synonymous with
Market Value, it comes from the human desire to acquire objects.
What is the process of comparing 2 sales that are very similar in all
aspects except 1. --- correct answer ---Match Pairs
What is Value in Use? --- correct answer ---Means that the value is
within the object itself.
Is there ever a situation where you as an ad valorem appraiser would
put value other than value in exchange on a property? --- correct
answer ---Yes if it is in the clean and green act
, What is act 319? --- correct answer ---Clean and green act
Which type of data consists of cost, recent sales, and income
information? --- correct answer ---Comparative
If you were appraising a property enrolled in Act 319 you are looking
for what? --- correct answer ---Value in Exchange and Value in Use
If the property is enrolled in clean and green which value do the
property owners pay the taxes on? --- correct answer ---Value in Use
As a property owner what do you own? --- correct answer ---Real
Estate and the intangible (the rights you have as an owner)
What are the 6 Rights in the Bundle of Rights? --- correct answer ---
Sell, Lease, Use, Give Away, Enter/Exit, refuse to do anything
What are the 4 public limitations on your rights? --- correct answer --
-Police Power, Escheat, Taxation, Eminent Domain
Exam Latest Update
The most popular method of listing is? --- correct answer ---Property
review or Property inspection
How is depreciation calculated? --- correct answer ---Effective Age ÷
Economic life
In determining value, the board must consider what? --- correct
answer ---All 3 approaches to value
What are the 3 approaches to value? --- correct answer ---Cost, Sales,
Income
Who sets the common level ratio (CLR)? --- correct answer ---STEB
(State Taxation Equalization Board)
What is price defined as? --- correct answer ---the amount of money
given or expected in the exchange for property.
,Who sets the pre-determined ratio (PDR)? --- correct answer ---
County commissioners?
CLR is applied to what to get a revised assessment? --- correct answer
---Current Market Value.
PDR is applied to what to get the assessment? --- correct answer ---
Base Year Market Value
What is Value in Exchange? --- correct answer ---Synonymous with
Market Value, it comes from the human desire to acquire objects.
What is the process of comparing 2 sales that are very similar in all
aspects except 1. --- correct answer ---Match Pairs
What is Value in Use? --- correct answer ---Means that the value is
within the object itself.
Is there ever a situation where you as an ad valorem appraiser would
put value other than value in exchange on a property? --- correct
answer ---Yes if it is in the clean and green act
, What is act 319? --- correct answer ---Clean and green act
Which type of data consists of cost, recent sales, and income
information? --- correct answer ---Comparative
If you were appraising a property enrolled in Act 319 you are looking
for what? --- correct answer ---Value in Exchange and Value in Use
If the property is enrolled in clean and green which value do the
property owners pay the taxes on? --- correct answer ---Value in Use
As a property owner what do you own? --- correct answer ---Real
Estate and the intangible (the rights you have as an owner)
What are the 6 Rights in the Bundle of Rights? --- correct answer ---
Sell, Lease, Use, Give Away, Enter/Exit, refuse to do anything
What are the 4 public limitations on your rights? --- correct answer --
-Police Power, Escheat, Taxation, Eminent Domain
