Kentucky Property Valuation Administrator
(PVA) Exam Practice Questions And Correct
Answers (Verified Answers) Plus Rationales
2026 Q&A | Instant Download Pdf
1. Which of the following is the primary purpose of property valuation in
Kentucky?
A. To determine market rent values
B. To establish equitable property taxation
C. To calculate insurance premiums
D. To appraise properties for sale
B. To establish equitable property taxation
Rationale: The primary role of a property valuation administrator is
to ensure property assessments are fair and equitable for taxation
purposes.
2. Kentucky’s property tax assessments are based on:
A. Purchase price
, B. Market value as of January 1
C. Replacement cost
D. Rental income potential
B. Market value as of January 1
Rationale: Kentucky law requires that property be assessed at fair
cash value, which is typically the market value as of January 1 of the
tax year.
3. What is the role of the Kentucky Department of Revenue in property
valuation?
A. Collects property taxes directly from owners
B. Provides guidance and oversight to local PVA offices
C. Determines property zoning
D. Issues building permits
B. Provides guidance and oversight to local PVA offices
Rationale: The KY Department of Revenue supervises local PVAs to
ensure uniform property assessment practices across the state.
4. Personal property subject to taxation in Kentucky includes:
A. Land and buildings only
B. Vehicles, machinery, and business equipment
C. Household furniture
D. Exempt government property
B. Vehicles, machinery, and business equipment
Rationale: Kentucky taxes tangible personal property such as
, business equipment and vehicles, whereas household furniture is
generally exempt.
5. Which of the following best describes “real property”?
A. Movable assets
B. Land and anything permanently attached to it
C. Stocks and bonds
D. Leased office equipment
B. Land and anything permanently attached to it
Rationale: Real property refers to land and improvements such as
buildings, which are permanently affixed.
6. What is the Kentucky PVA responsible for?
A. Collecting taxes
B. Assessing property values
C. Enforcing building codes
D. Issuing business licenses
B. Assessing property values
Rationale: The Property Valuation Administrator (PVA) assesses all
real and personal property within a county to determine taxable
value.
7. When must a property owner file a personal property tax return in
Kentucky?
A. Only when buying new property
B. By January 31 each year
, C. By April 15 each year
D. Only upon property sale
B. By January 31 each year
Rationale: Kentucky law requires personal property tax returns to be
filed annually by January 31.
8. Which method is commonly used to value residential real property in
Kentucky?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. All of the above
D. All of the above
Rationale: PVAs may use the cost approach, income approach, or
sales comparison approach depending on the property type.
9. The sales comparison approach is most useful for:
A. Commercial properties with rental income
B. Residential properties with many comparable sales
C. Industrial properties with unique features
D. Undeveloped land with no market history
B. Residential properties with many comparable sales
Rationale: Sales comparison relies on recent sales of similar
properties and is most applicable to residential real estate.
(PVA) Exam Practice Questions And Correct
Answers (Verified Answers) Plus Rationales
2026 Q&A | Instant Download Pdf
1. Which of the following is the primary purpose of property valuation in
Kentucky?
A. To determine market rent values
B. To establish equitable property taxation
C. To calculate insurance premiums
D. To appraise properties for sale
B. To establish equitable property taxation
Rationale: The primary role of a property valuation administrator is
to ensure property assessments are fair and equitable for taxation
purposes.
2. Kentucky’s property tax assessments are based on:
A. Purchase price
, B. Market value as of January 1
C. Replacement cost
D. Rental income potential
B. Market value as of January 1
Rationale: Kentucky law requires that property be assessed at fair
cash value, which is typically the market value as of January 1 of the
tax year.
3. What is the role of the Kentucky Department of Revenue in property
valuation?
A. Collects property taxes directly from owners
B. Provides guidance and oversight to local PVA offices
C. Determines property zoning
D. Issues building permits
B. Provides guidance and oversight to local PVA offices
Rationale: The KY Department of Revenue supervises local PVAs to
ensure uniform property assessment practices across the state.
4. Personal property subject to taxation in Kentucky includes:
A. Land and buildings only
B. Vehicles, machinery, and business equipment
C. Household furniture
D. Exempt government property
B. Vehicles, machinery, and business equipment
Rationale: Kentucky taxes tangible personal property such as
, business equipment and vehicles, whereas household furniture is
generally exempt.
5. Which of the following best describes “real property”?
A. Movable assets
B. Land and anything permanently attached to it
C. Stocks and bonds
D. Leased office equipment
B. Land and anything permanently attached to it
Rationale: Real property refers to land and improvements such as
buildings, which are permanently affixed.
6. What is the Kentucky PVA responsible for?
A. Collecting taxes
B. Assessing property values
C. Enforcing building codes
D. Issuing business licenses
B. Assessing property values
Rationale: The Property Valuation Administrator (PVA) assesses all
real and personal property within a county to determine taxable
value.
7. When must a property owner file a personal property tax return in
Kentucky?
A. Only when buying new property
B. By January 31 each year
, C. By April 15 each year
D. Only upon property sale
B. By January 31 each year
Rationale: Kentucky law requires personal property tax returns to be
filed annually by January 31.
8. Which method is commonly used to value residential real property in
Kentucky?
A. Cost approach
B. Income approach
C. Sales comparison approach
D. All of the above
D. All of the above
Rationale: PVAs may use the cost approach, income approach, or
sales comparison approach depending on the property type.
9. The sales comparison approach is most useful for:
A. Commercial properties with rental income
B. Residential properties with many comparable sales
C. Industrial properties with unique features
D. Undeveloped land with no market history
B. Residential properties with many comparable sales
Rationale: Sales comparison relies on recent sales of similar
properties and is most applicable to residential real estate.
