NYC City Assessor EXAM STUDY GUIDE
2026/2027 ACCURATE QUESTIONS WITH
CORRECT DETAILED SOLUTIONS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. Effective Gross Income - ANSWER ✔ The gross income less the vacancy
factor and bad debt allowance// operating expenses are Deducted to get the
ratio
2. Non-Realty Components - ANSWER ✔ Personal property, not to include
in comparable property
3. Rights Conveyed - ANSWER ✔ In general, appraiser estimates market
value in fee simple. Sometimes, need to include air rights, mineral rights,
leasehold rights
4. Sales Comparison Approach to Value - ANSWER ✔ 1. Define appraisal
problem
2. Collect & analyze data
3. Select appropriate units of comparison
4. Make reasonable adjustments on the market to comparable property
5. Applying data to subject of appraisal
5. Financing - ANSWER ✔ Adjustments must be made to comparable sales
for special or creative financing
6. Conditions of Sale - ANSWER ✔ Arms-length sale vs. non-arms-length
sale
Adjust accordingly
7. Expenditures made immediately following purchase - ANSWER ✔
Expenditures anticipated by buyer/seller
,8. Market conditions adjustment - ANSWER ✔ Adjustments based on
property values, if increased/decreased since sale date
9. Location adjustment - ANSWER ✔ Adjustments based on difference
between subject and comparable property, on zoning, building codes, flood
zones
10.Physical characteristics - ANSWER ✔ Adjustments for size, conditions,
quality grade, maintenance, organization, remodeling and additions
11.Economic Characteristics adjustments - ANSWER ✔ Adjustments based
on lease terms, expense ratios, types of tenants
12.Arms-length Sale Criteria - ANSWER ✔ - buyer/seller typically motivated
- both well informed/advised
- acting in best self interest
- reasonable time exposed in market
- price represents typical pricing for area
- no special / creative financing (IAAO 1997)
13.Data to Collect on Each Sale - ANSWER ✔ - actual sale price
- type of deed
- date of sale
- date of agreement
- personal property
- type of financing
14.NYC derives Taxing Authority - ANSWER ✔ From the NY state
legislature
15.Mass appraisal - ANSWER ✔ Process of valuing worth of a universe of
properties, as of a given date, in uniform order, utilizing a common reference
for data and allowing for statistical testing
16.Sample of population - ANSWER ✔ Is a subset of population
17.Relative dispersion measure - ANSWER ✔ Absolute Average Deviation
, 18.Coefficient of Dispersion - ANSWER ✔ Can be computed using more than
one measure of central tendency
19.Definition of the problem - ANSWER ✔ Identifying the value is a part
20.Preliminary Survey and Appraisal plan - ANSWER ✔ - highest and best
use
- data required
- approaches to be used
21.Array - ANSWER ✔ Arrangements of raw numerical data in ascending
and descending order of magnitude
22.Bi-modal distribution - ANSWER ✔ Two different populations
23.Parcel identification systems - ANSWER ✔ - Block and lot
- geodetic code
- book and page
24.Mean definition - ANSWER ✔ Add up all numbers, divide by the number
of numbers; measure of central tendency
25.Mode definition - ANSWER ✔ Most recurring number; computed without
math ; measure of central tendency
26.Median definition - ANSWER ✔ Number that is in the middle; lease
affected by extreme values; measure of central tendency
27.Assessing process - ANSWER ✔ The process of valuing the worth of a
universe of properties, as of a given date, in uniform order, utilizing a
common reference for data, allowing for statistical testing
28.Tax Class 1A (TC 1A) - ANSWER ✔ Newly constructed condos thread
stories or less belong to this class
29.Senior Citizen Exemption- Widow ownership - ANSWER ✔ If under 65,
when spouse 65+ dies, widow qualifies for exemptions if 62+
2026/2027 ACCURATE QUESTIONS WITH
CORRECT DETAILED SOLUTIONS ||
100% GUARANTEED PASS
<NEWEST VERSION>
1. Effective Gross Income - ANSWER ✔ The gross income less the vacancy
factor and bad debt allowance// operating expenses are Deducted to get the
ratio
2. Non-Realty Components - ANSWER ✔ Personal property, not to include
in comparable property
3. Rights Conveyed - ANSWER ✔ In general, appraiser estimates market
value in fee simple. Sometimes, need to include air rights, mineral rights,
leasehold rights
4. Sales Comparison Approach to Value - ANSWER ✔ 1. Define appraisal
problem
2. Collect & analyze data
3. Select appropriate units of comparison
4. Make reasonable adjustments on the market to comparable property
5. Applying data to subject of appraisal
5. Financing - ANSWER ✔ Adjustments must be made to comparable sales
for special or creative financing
6. Conditions of Sale - ANSWER ✔ Arms-length sale vs. non-arms-length
sale
Adjust accordingly
7. Expenditures made immediately following purchase - ANSWER ✔
Expenditures anticipated by buyer/seller
,8. Market conditions adjustment - ANSWER ✔ Adjustments based on
property values, if increased/decreased since sale date
9. Location adjustment - ANSWER ✔ Adjustments based on difference
between subject and comparable property, on zoning, building codes, flood
zones
10.Physical characteristics - ANSWER ✔ Adjustments for size, conditions,
quality grade, maintenance, organization, remodeling and additions
11.Economic Characteristics adjustments - ANSWER ✔ Adjustments based
on lease terms, expense ratios, types of tenants
12.Arms-length Sale Criteria - ANSWER ✔ - buyer/seller typically motivated
- both well informed/advised
- acting in best self interest
- reasonable time exposed in market
- price represents typical pricing for area
- no special / creative financing (IAAO 1997)
13.Data to Collect on Each Sale - ANSWER ✔ - actual sale price
- type of deed
- date of sale
- date of agreement
- personal property
- type of financing
14.NYC derives Taxing Authority - ANSWER ✔ From the NY state
legislature
15.Mass appraisal - ANSWER ✔ Process of valuing worth of a universe of
properties, as of a given date, in uniform order, utilizing a common reference
for data and allowing for statistical testing
16.Sample of population - ANSWER ✔ Is a subset of population
17.Relative dispersion measure - ANSWER ✔ Absolute Average Deviation
, 18.Coefficient of Dispersion - ANSWER ✔ Can be computed using more than
one measure of central tendency
19.Definition of the problem - ANSWER ✔ Identifying the value is a part
20.Preliminary Survey and Appraisal plan - ANSWER ✔ - highest and best
use
- data required
- approaches to be used
21.Array - ANSWER ✔ Arrangements of raw numerical data in ascending
and descending order of magnitude
22.Bi-modal distribution - ANSWER ✔ Two different populations
23.Parcel identification systems - ANSWER ✔ - Block and lot
- geodetic code
- book and page
24.Mean definition - ANSWER ✔ Add up all numbers, divide by the number
of numbers; measure of central tendency
25.Mode definition - ANSWER ✔ Most recurring number; computed without
math ; measure of central tendency
26.Median definition - ANSWER ✔ Number that is in the middle; lease
affected by extreme values; measure of central tendency
27.Assessing process - ANSWER ✔ The process of valuing the worth of a
universe of properties, as of a given date, in uniform order, utilizing a
common reference for data, allowing for statistical testing
28.Tax Class 1A (TC 1A) - ANSWER ✔ Newly constructed condos thread
stories or less belong to this class
29.Senior Citizen Exemption- Widow ownership - ANSWER ✔ If under 65,
when spouse 65+ dies, widow qualifies for exemptions if 62+
