KENTUCKY DEPARTMENT OF REVENUE PROPERTY
VALUATION ADMINISTRATOR (PVA) QUALIFYING EXAM -
LATEST PRACTICE QUESTIONS AND 100% VERIFIED
CORRECT ANSWERS | COMPLETE EXAM PREP TESTBANK |
GUARANTEED PASS | INSTANT DOWNLOAD PDF
1. The inspection period for the real property tax roll must be open to public
inspection for how many days beginning on the first Monday in May?
A) Five (5) days
B) Six (6) days
C) Thirteen (13) days
D) Twenty (20) days
ANSWER- C
Rationale: KRS 133.045(1) provides that the tax roll shall be open for inspection
for thirteen (13) days beginning the first Monday in May.
Schneider Geospatial
2. Which of the following is TRUE regarding mass appraisal as addressed in
Kentucky training materials?
A) Mass appraisal treats each property individually with no modeling B) Mass
appraisal uses modeling and statistical techniques for groups of properties
C) Mass appraisal eliminates the need for physical inspections
D) Mass appraisal applies only to personal property
ANSWER- B
Rationale: The Kentucky Student Manual discusses mass appraisal fundamentals,
including use of modeling, data requirements and
statistical analysis. Department of Revenue
,3. Under KRS 132.450(1), the property of one person must not be assessed
willfully or intentionally at a higher or lower relative value than the same class of
property of another. What principle does this reflect?
A) Uniformity
B) Liquidity
C) Marketability
D) Depreciation
ANSWER- A
Rationale: The statute ensures fair and equitable treatment among
similarly situated properties — a principle of uniformity. Schneider
Geospatial
4. Which type of property classification might result in different assessment and
tax treatment under Kentucky law?
A) Residential vs commercial property
B) Owner-occupied vs tenant-occupied
C) Improved vs unimproved land
D) All of the above
ANSWER- D
Rationale: Property classification (residential, commercial, land, etc.)
affects assessment ratios and tax treatment in Kentucky. Docsity
5. What is the primary statute that grants the PVA the authority to assess property
in Kentucky?
A) Kentucky Administrative Regulations (KAR)
,B) Kentucky Revised Statutes (KRS) Chapter 132
C) Kentucky Constitution Article 10
D) Kentucky Department of Revenue Regulations
ANSWER- B
Rationale: KRS 132 provides the statutory authority for assessment of
property by PVAs. Docsity+2Schneider Geospatial+2
6. Which date is used as the valuation date for real property assessments in
Kentucky?
A) July 1 of the current year
B) January 1 of the current year
C) December 31 of the previous year
D) April 1 of the current year
ANSWER- B
Rationale: KRS 132.220(1) states that all taxable property must be
listed, assessed and valued as of January 1 of each year. Schneider
Geospatial+1
7. What standard of value must the PVA use when assessing real property (unless
otherwise provided by law)?
A) Market rental value
B) Assessed value for tax purposes
C) Fair cash value
D) Book value
ANSWER- C
, Rationale: KRS 132.450(1) requires that property be assessed at its fair
cash value. Schneider Geospatial
8. Which approach to value would typically be most appropriate when valuing a
newly built single-family home using recent sales of similar homes?
A) Cost approach
B) Income capitalization approach
C) Sales comparison approach
D) Replacement cost approach
ANSWER- C
Rationale: The sales comparison approach is most appropriate for properties that
are frequently traded and have a good market of
comparables. The cost approach might be secondary. Department of
Revenue+1
9. In the assessment appeals process in Kentucky, what must a property owner do
before filing an appeal with the board of assessment appeals?
A) File directly with the PVA office
B) Request a conference with the PVA or deputy
C) File a lawsuit in circuit court
D) Wait until the tax bill is due
ANSWER- B
Rationale: KRS 133.120(1)(a) requires that the property owner first request a
conference with the PVA or deputy prior to or during the
inspection period. Schneider Geospatial+1
VALUATION ADMINISTRATOR (PVA) QUALIFYING EXAM -
LATEST PRACTICE QUESTIONS AND 100% VERIFIED
CORRECT ANSWERS | COMPLETE EXAM PREP TESTBANK |
GUARANTEED PASS | INSTANT DOWNLOAD PDF
1. The inspection period for the real property tax roll must be open to public
inspection for how many days beginning on the first Monday in May?
A) Five (5) days
B) Six (6) days
C) Thirteen (13) days
D) Twenty (20) days
ANSWER- C
Rationale: KRS 133.045(1) provides that the tax roll shall be open for inspection
for thirteen (13) days beginning the first Monday in May.
Schneider Geospatial
2. Which of the following is TRUE regarding mass appraisal as addressed in
Kentucky training materials?
A) Mass appraisal treats each property individually with no modeling B) Mass
appraisal uses modeling and statistical techniques for groups of properties
C) Mass appraisal eliminates the need for physical inspections
D) Mass appraisal applies only to personal property
ANSWER- B
Rationale: The Kentucky Student Manual discusses mass appraisal fundamentals,
including use of modeling, data requirements and
statistical analysis. Department of Revenue
,3. Under KRS 132.450(1), the property of one person must not be assessed
willfully or intentionally at a higher or lower relative value than the same class of
property of another. What principle does this reflect?
A) Uniformity
B) Liquidity
C) Marketability
D) Depreciation
ANSWER- A
Rationale: The statute ensures fair and equitable treatment among
similarly situated properties — a principle of uniformity. Schneider
Geospatial
4. Which type of property classification might result in different assessment and
tax treatment under Kentucky law?
A) Residential vs commercial property
B) Owner-occupied vs tenant-occupied
C) Improved vs unimproved land
D) All of the above
ANSWER- D
Rationale: Property classification (residential, commercial, land, etc.)
affects assessment ratios and tax treatment in Kentucky. Docsity
5. What is the primary statute that grants the PVA the authority to assess property
in Kentucky?
A) Kentucky Administrative Regulations (KAR)
,B) Kentucky Revised Statutes (KRS) Chapter 132
C) Kentucky Constitution Article 10
D) Kentucky Department of Revenue Regulations
ANSWER- B
Rationale: KRS 132 provides the statutory authority for assessment of
property by PVAs. Docsity+2Schneider Geospatial+2
6. Which date is used as the valuation date for real property assessments in
Kentucky?
A) July 1 of the current year
B) January 1 of the current year
C) December 31 of the previous year
D) April 1 of the current year
ANSWER- B
Rationale: KRS 132.220(1) states that all taxable property must be
listed, assessed and valued as of January 1 of each year. Schneider
Geospatial+1
7. What standard of value must the PVA use when assessing real property (unless
otherwise provided by law)?
A) Market rental value
B) Assessed value for tax purposes
C) Fair cash value
D) Book value
ANSWER- C
, Rationale: KRS 132.450(1) requires that property be assessed at its fair
cash value. Schneider Geospatial
8. Which approach to value would typically be most appropriate when valuing a
newly built single-family home using recent sales of similar homes?
A) Cost approach
B) Income capitalization approach
C) Sales comparison approach
D) Replacement cost approach
ANSWER- C
Rationale: The sales comparison approach is most appropriate for properties that
are frequently traded and have a good market of
comparables. The cost approach might be secondary. Department of
Revenue+1
9. In the assessment appeals process in Kentucky, what must a property owner do
before filing an appeal with the board of assessment appeals?
A) File directly with the PVA office
B) Request a conference with the PVA or deputy
C) File a lawsuit in circuit court
D) Wait until the tax bill is due
ANSWER- B
Rationale: KRS 133.120(1)(a) requires that the property owner first request a
conference with the PVA or deputy prior to or during the
inspection period. Schneider Geospatial+1
