KENTUCKY (KY) PROPERTY VALUATION
ADMINISTRATOR EXAM PRACTICE
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES
2026 Q&A | INSTANT DOWNLOAD PDF
1. What is the primary function of a Property Valuation
Administrator (PVA) in Kentucky?
A. Collect property taxes
B. Assess property values for taxation purposes
C. Issue building permits
D. Manage state finances
The PVA’s main duty is to assess the fair cash value of property for
taxation.
2. The Kentucky Constitution requires property to be assessed at
what percentage of its fair cash value?
A. 100%
B. 90%
C. 100% of fair cash value
D. 80%
Property in Kentucky must be assessed at 100% of fair cash value.
3. Fair cash value means the price a property would bring in a...
A. Forced sale
B. Fair and voluntary sale
C. Auction sale
D. Estate sale
, It is the amount agreed upon between a willing buyer and a
willing seller.
4. What agency oversees PVAs in Kentucky?
A. Department of Revenue
B. Kentucky Department of Revenue
C. Kentucky Real Estate Commission
D. State Property Board
The PVA operates under the supervision of the Kentucky
Department of Revenue.
5. What is the main purpose of property assessment?
A. Determine mortgage values
B. Establish insurance rates
C. Determine tax liability
D. Estimate market demand
Assessments are used to calculate property taxes fairly.
6. Which of the following is considered real property?
A. Vehicles
B. Land and buildings
C. Furniture
D. Equipment
Real property includes land and anything permanently attached to
it.
7. Personal property includes:
A. Land
B. Buildings
C. Machinery and inventory
D. Easements
Personal property refers to movable items not permanently affixed
to land.
, 8. Who sets property tax rates in Kentucky?
A. PVA
B. County Clerk
C. Local taxing authorities
D. Governor
Taxing authorities like schools and cities set rates; PVA determines
value.
9. How often are property assessments conducted in Kentucky?
A. Every year
B. Every year
C. Every five years
D. Every two years
PVAs must update assessments annually.
10. What form is used to appeal property assessments in
Kentucky?
A. Form 200
B. PVA Appeal Form (KRC Form 62A350)
C. Taxpayer Complaint Form
D. Fiscal Report Form
Property owners use this form to appeal to the local board of
assessment appeals.
11. When is property assessment data typically finalized?
A. January 1
B. July 1
C. April 15
D. December 31
Assessment rolls are typically completed by midyear.
ADMINISTRATOR EXAM PRACTICE
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES
2026 Q&A | INSTANT DOWNLOAD PDF
1. What is the primary function of a Property Valuation
Administrator (PVA) in Kentucky?
A. Collect property taxes
B. Assess property values for taxation purposes
C. Issue building permits
D. Manage state finances
The PVA’s main duty is to assess the fair cash value of property for
taxation.
2. The Kentucky Constitution requires property to be assessed at
what percentage of its fair cash value?
A. 100%
B. 90%
C. 100% of fair cash value
D. 80%
Property in Kentucky must be assessed at 100% of fair cash value.
3. Fair cash value means the price a property would bring in a...
A. Forced sale
B. Fair and voluntary sale
C. Auction sale
D. Estate sale
, It is the amount agreed upon between a willing buyer and a
willing seller.
4. What agency oversees PVAs in Kentucky?
A. Department of Revenue
B. Kentucky Department of Revenue
C. Kentucky Real Estate Commission
D. State Property Board
The PVA operates under the supervision of the Kentucky
Department of Revenue.
5. What is the main purpose of property assessment?
A. Determine mortgage values
B. Establish insurance rates
C. Determine tax liability
D. Estimate market demand
Assessments are used to calculate property taxes fairly.
6. Which of the following is considered real property?
A. Vehicles
B. Land and buildings
C. Furniture
D. Equipment
Real property includes land and anything permanently attached to
it.
7. Personal property includes:
A. Land
B. Buildings
C. Machinery and inventory
D. Easements
Personal property refers to movable items not permanently affixed
to land.
, 8. Who sets property tax rates in Kentucky?
A. PVA
B. County Clerk
C. Local taxing authorities
D. Governor
Taxing authorities like schools and cities set rates; PVA determines
value.
9. How often are property assessments conducted in Kentucky?
A. Every year
B. Every year
C. Every five years
D. Every two years
PVAs must update assessments annually.
10. What form is used to appeal property assessments in
Kentucky?
A. Form 200
B. PVA Appeal Form (KRC Form 62A350)
C. Taxpayer Complaint Form
D. Fiscal Report Form
Property owners use this form to appeal to the local board of
assessment appeals.
11. When is property assessment data typically finalized?
A. January 1
B. July 1
C. April 15
D. December 31
Assessment rolls are typically completed by midyear.
