Kentucky Property Valuation Administrator
(PVA) Exam Practice Questions And Correct
Answers (Verified Answers) Plus Rationales
2026 Q&A | Instant Download Pdf
1. The primary duty of a Property Valuation Administrator (PVA) in
Kentucky is to:
A. Enforce zoning ordinances
B. Set property tax rates
C. Assess property for taxation purposes
D. Collect taxes
Rationale: The PVA’s main function is assessing property values to
ensure fair taxation.2
2. Under Kentucky law, property must be assessed at what percentage of
fair cash value?
A. 75%
B. 80%
C. 100%
D. 50%
, Rationale: State law requires assessments at full fair cash value
(100 %) as per the Kentucky Constitution and statutes.3
3. Which statute governs property valuation and assessment procedures
for PVAs in Kentucky?
A. KRS Chapter 13B
B. KRS Chapter 132
C. KRS Chapter 134
D. KRS Chapter 68
Rationale: KRS 132 outlines the duties, responsibilities, and procedures
for property valuation administration.4
4. What is the main purpose of a quadrennial reassessment (revaluation)
of property in Kentucky?
A. Increase local revenues
B. Ensure equitable taxation among property owners
C. Decrease assessment workload
D. Encourage new construction
Rationale: Reassessments help maintain equity by bringing property
values current so assessments fairly reflect market value.4
5. How often must real property be physically inspected (or reviewed) by
the PVA’s office in Kentucky under KRS 132.690 (or equivalent)?
A. Annually
B. Every 3 years
C. Every 4 years
, D. Every 5 years
Rationale: The statute mandates a physical inspection at least once
every four years for real property.4
6. The term of office for a county PVA in Kentucky is:
A. 2 years
B. 3 years
C. 4 years
D. 6 years
Rationale: The PVA is elected for a four-year term by county voters.2
7. The definition of “fair cash value” (market value) for property in
Kentucky is:
A. The value set by the PVA
B. Replacement cost
C. The price a willing buyer and willing seller would agree upon
D. Insurance value
Rationale: Fair cash value corresponds to market value under normal
conditions (willing buyer/seller).4
8. Who reviews and certifies the assessment rolls prepared by the PVA’s
office in Kentucky?
A. County Treasurer
B. Department of Revenue
C. Fiscal Court
D. Local school board
, Rationale: The Kentucky Department of Revenue oversees and certifies
local assessment rolls.4
9. What document contains a listing of all taxable real and personal
property in a county in Kentucky?
A. PVA Report
B. Assessment Roll
C. Tax Levy
D. Property Ledger
Rationale: The assessment roll lists all taxable real and personal
property, with values and classifications.4
10. Tangible personal property for assessment purposes includes:
A. Land
B. Business equipment
C. Lease agreements
D. Deeds
Rationale: Tangible personal property covers movable business assets
(equipment, furniture, fixtures).4
11. Intangible property includes:
A. Vehicles
B. Homes
C. Stocks and bonds
D. Farm machinery
(PVA) Exam Practice Questions And Correct
Answers (Verified Answers) Plus Rationales
2026 Q&A | Instant Download Pdf
1. The primary duty of a Property Valuation Administrator (PVA) in
Kentucky is to:
A. Enforce zoning ordinances
B. Set property tax rates
C. Assess property for taxation purposes
D. Collect taxes
Rationale: The PVA’s main function is assessing property values to
ensure fair taxation.2
2. Under Kentucky law, property must be assessed at what percentage of
fair cash value?
A. 75%
B. 80%
C. 100%
D. 50%
, Rationale: State law requires assessments at full fair cash value
(100 %) as per the Kentucky Constitution and statutes.3
3. Which statute governs property valuation and assessment procedures
for PVAs in Kentucky?
A. KRS Chapter 13B
B. KRS Chapter 132
C. KRS Chapter 134
D. KRS Chapter 68
Rationale: KRS 132 outlines the duties, responsibilities, and procedures
for property valuation administration.4
4. What is the main purpose of a quadrennial reassessment (revaluation)
of property in Kentucky?
A. Increase local revenues
B. Ensure equitable taxation among property owners
C. Decrease assessment workload
D. Encourage new construction
Rationale: Reassessments help maintain equity by bringing property
values current so assessments fairly reflect market value.4
5. How often must real property be physically inspected (or reviewed) by
the PVA’s office in Kentucky under KRS 132.690 (or equivalent)?
A. Annually
B. Every 3 years
C. Every 4 years
, D. Every 5 years
Rationale: The statute mandates a physical inspection at least once
every four years for real property.4
6. The term of office for a county PVA in Kentucky is:
A. 2 years
B. 3 years
C. 4 years
D. 6 years
Rationale: The PVA is elected for a four-year term by county voters.2
7. The definition of “fair cash value” (market value) for property in
Kentucky is:
A. The value set by the PVA
B. Replacement cost
C. The price a willing buyer and willing seller would agree upon
D. Insurance value
Rationale: Fair cash value corresponds to market value under normal
conditions (willing buyer/seller).4
8. Who reviews and certifies the assessment rolls prepared by the PVA’s
office in Kentucky?
A. County Treasurer
B. Department of Revenue
C. Fiscal Court
D. Local school board
, Rationale: The Kentucky Department of Revenue oversees and certifies
local assessment rolls.4
9. What document contains a listing of all taxable real and personal
property in a county in Kentucky?
A. PVA Report
B. Assessment Roll
C. Tax Levy
D. Property Ledger
Rationale: The assessment roll lists all taxable real and personal
property, with values and classifications.4
10. Tangible personal property for assessment purposes includes:
A. Land
B. Business equipment
C. Lease agreements
D. Deeds
Rationale: Tangible personal property covers movable business assets
(equipment, furniture, fixtures).4
11. Intangible property includes:
A. Vehicles
B. Homes
C. Stocks and bonds
D. Farm machinery
