NYC City Assessor Exam QUESTIONS AND CORRECT ANSWERS WITH RATIONALES
Exam coverage
• property identification
• market value concepts
• sales comparison
• cost approach
• income approach
• property characteristics
• assessment records
• exemptions and classifications
• appeals and taxpayer rights
• ethics and uniformity
,1. A supervisor asks a trainee to explain the requirement before work begins. Which statement
most accurately describes property identification when evaluating a professional situation?
A. Market value concepts depend on the governing legal definition and accepted appraisal
practice.
B. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
C. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
D. Assessors identify and describe property using legal descriptions, parcel identifiers, maps,
and reliable records.
Correct answer: D
Rationale: The correct answer is D because Assessors identify and describe property using
legal descriptions, parcel identifiers, maps, and reliable records. This directly addresses the
principle described in the question, while the other choices concern different topics or
responsibilities.
2. A supervisor asks a trainee to explain the requirement before work begins. When reviewing
a case concerning market value concepts, what conclusion is most consistent with standard
requirements?
A. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
,B. Market value concepts depend on the governing legal definition and accepted appraisal
practice.
C. The income approach converts expected property income into an indication of value.
D. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
Correct answer: B
Rationale: The correct answer is B because Market value concepts depend on the governing
legal definition and accepted appraisal practice. This directly addresses the principle described
in the question, while the other choices concern different topics or responsibilities.
3. A supervisor asks a trainee to explain the requirement before work begins. Why is sales
comparison important when performing duties associated with this subject?
A. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
B. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
C. The income approach converts expected property income into an indication of value.
D. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
Correct answer: B
Rationale: The correct answer is B because The sales comparison approach uses relevant
market transactions and appropriate adjustments. This directly addresses the principle
, described in the question, while the other choices concern different topics or responsibilities.
4. A supervisor asks a trainee to explain the requirement before work begins. During a routine
review involving cost approach, which approach is most appropriate?
A. Accurate assessment records support valuation, taxpayer communication, appeals, and
review.
B. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
C. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
D. The income approach converts expected property income into an indication of value.
Correct answer: B
Rationale: The correct answer is B because The cost approach considers land value plus
improvement cost, adjusted for applicable depreciation. This directly addresses the principle
described in the question, while the other choices concern different topics or responsibilities.
5. A supervisor asks a trainee to explain the requirement before work begins. When applying
principles for income approach, which consideration should receive primary attention?
A. The income approach converts expected property income into an indication of value.
B. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
C. Accurate assessment records support valuation, taxpayer communication, appeals, and
review.
Exam coverage
• property identification
• market value concepts
• sales comparison
• cost approach
• income approach
• property characteristics
• assessment records
• exemptions and classifications
• appeals and taxpayer rights
• ethics and uniformity
,1. A supervisor asks a trainee to explain the requirement before work begins. Which statement
most accurately describes property identification when evaluating a professional situation?
A. Market value concepts depend on the governing legal definition and accepted appraisal
practice.
B. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
C. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
D. Assessors identify and describe property using legal descriptions, parcel identifiers, maps,
and reliable records.
Correct answer: D
Rationale: The correct answer is D because Assessors identify and describe property using
legal descriptions, parcel identifiers, maps, and reliable records. This directly addresses the
principle described in the question, while the other choices concern different topics or
responsibilities.
2. A supervisor asks a trainee to explain the requirement before work begins. When reviewing
a case concerning market value concepts, what conclusion is most consistent with standard
requirements?
A. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
,B. Market value concepts depend on the governing legal definition and accepted appraisal
practice.
C. The income approach converts expected property income into an indication of value.
D. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
Correct answer: B
Rationale: The correct answer is B because Market value concepts depend on the governing
legal definition and accepted appraisal practice. This directly addresses the principle described
in the question, while the other choices concern different topics or responsibilities.
3. A supervisor asks a trainee to explain the requirement before work begins. Why is sales
comparison important when performing duties associated with this subject?
A. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
B. The sales comparison approach uses relevant market transactions and appropriate
adjustments.
C. The income approach converts expected property income into an indication of value.
D. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
Correct answer: B
Rationale: The correct answer is B because The sales comparison approach uses relevant
market transactions and appropriate adjustments. This directly addresses the principle
, described in the question, while the other choices concern different topics or responsibilities.
4. A supervisor asks a trainee to explain the requirement before work begins. During a routine
review involving cost approach, which approach is most appropriate?
A. Accurate assessment records support valuation, taxpayer communication, appeals, and
review.
B. The cost approach considers land value plus improvement cost, adjusted for applicable
depreciation.
C. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
D. The income approach converts expected property income into an indication of value.
Correct answer: B
Rationale: The correct answer is B because The cost approach considers land value plus
improvement cost, adjusted for applicable depreciation. This directly addresses the principle
described in the question, while the other choices concern different topics or responsibilities.
5. A supervisor asks a trainee to explain the requirement before work begins. When applying
principles for income approach, which consideration should receive primary attention?
A. The income approach converts expected property income into an indication of value.
B. Location, size, age, condition, use, zoning, and physical characteristics can influence value.
C. Accurate assessment records support valuation, taxpayer communication, appeals, and
review.
