KENTUCKY (KY) PROPERTY VALUATION
ADMINISTRATOR (PVA) ACTUAL EXAM –
2025/2026 (Q&A) LATEST UPDATE | FREE PDF
DOWNLOAD
Overview:
This comprehensive exam is designed for candidates preparing for the Kentucky Property
Valuation Administrator (PVA) examination. It contains 200 multiple-choice questions covering
all essential aspects of property valuation, assessment, and administration in accordance with
Kentucky state law.
Key Areas Covered:
1. Property Assessment Principles – Fair cash value, uniformity, and equity
2. Assessment Approaches – Market, cost, and income approaches
3. Agricultural and Homestead Valuation – Use value assessments and exemptions
4. Personal Property Assessment – Schedules, depreciation, and recordkeeping
5. Assessment Notices and Appeals – Notification procedures, appeal rights, and Kentucky
Board of Assessment Appeals
6. Recordkeeping and Confidentiality – Maps, plats, GIS, and privacy requirements
7. Coordination and Compliance – Reporting to taxing districts, Department of Revenue,
and inter-office collaboration
8. Inspection and Fieldwork – New construction, property condition, and verification of
improvements
1. The primary responsibility of a Kentucky PVA is:
A. Collecting property taxes
B. Appraising property for tax purposes
C. Issuing building permits
D. Enforcing zoning regulations
Answer: B – Appraising property for tax purposes
Rationale: PVAs determine fair cash value of real and personal property
for local taxation.
,2. The Kentucky PVA office is established under which legal
framework?
A. Kentucky Constitution and state statutes
B. Federal law
C. County ordinances only
D. Municipal charters
Answer: A – Kentucky Constitution and state statutes
Rationale: PVAs operate under state law and constitutional authority.
3. Which type of property must a PVA appraise?
A. Real property and personal property
B. Only commercial property
C. Vehicles only
D. Intangible assets only
Answer: A – Real property and personal property
Rationale: PVAs assess both real estate and tangible personal property for
tax purposes.
4. The fair cash value is defined as:
A. The price a property would sell for in an open market
B. The assessed value for insurance only
C. The original purchase price
D. The tax-exempt value
Answer: A – The price a property would sell for in an open market
Rationale: Fair cash value reflects market conditions at the time of
appraisal.
5. Which principle is most used by PVAs in property appraisal?
,A. Market, cost, and income approaches
B. Replacement value only
C. Insurance value only
D. Book value
Answer: A – Market, cost, and income approaches
Rationale: PVAs use all three approaches depending on property type.
6. The PVA’s appraisal of real property must consider:
A. Location, size, improvements, and market conditions
B. Only location
C. Zoning exclusively
D. Owner’s income
Answer: A – Location, size, improvements, and market conditions
Rationale: These factors determine the fair market value.
7. Personal property appraisal by a PVA includes:
A. Tangible business equipment, furniture, and fixtures
B. Stocks and bonds
C. Intellectual property
D. Only vehicles
Answer: A – Tangible business equipment, furniture, and fixtures
Rationale: Personal property for taxation is tangible and used in business
or ownership.
8. Kentucky PVAs are elected for a term of:
A. 4 years
B. 2 years
C. 6 years
D. Lifetime appointment
, Answer: A – 4 years
Rationale: PVAs are elected locally for a 4-year term.
9. Who supervises the PVA office?
A. County Judge/Executive
B. Kentucky Department of Revenue
C. Federal IRS
D. City Mayor
Answer: A – County Judge/Executive
Rationale: PVAs are locally elected and answer to county officials
regarding administration.
10. PVAs must update property records at least:
A. Annually
B. Every 5 years
C. Every 10 years
D. Only when property is sold
Answer: A – Annually
Rationale: Annual updates ensure accurate property valuations and tax
rolls.
11. The “cost approach” in appraisal estimates value based on:
A. Replacement cost minus depreciation
B. Market sales of similar properties
C. Owner’s income
D. Tax assessment
Answer: A – Replacement cost minus depreciation
Rationale: Cost approach considers how much it would cost to rebuild
minus wear and tear.
ADMINISTRATOR (PVA) ACTUAL EXAM –
2025/2026 (Q&A) LATEST UPDATE | FREE PDF
DOWNLOAD
Overview:
This comprehensive exam is designed for candidates preparing for the Kentucky Property
Valuation Administrator (PVA) examination. It contains 200 multiple-choice questions covering
all essential aspects of property valuation, assessment, and administration in accordance with
Kentucky state law.
Key Areas Covered:
1. Property Assessment Principles – Fair cash value, uniformity, and equity
2. Assessment Approaches – Market, cost, and income approaches
3. Agricultural and Homestead Valuation – Use value assessments and exemptions
4. Personal Property Assessment – Schedules, depreciation, and recordkeeping
5. Assessment Notices and Appeals – Notification procedures, appeal rights, and Kentucky
Board of Assessment Appeals
6. Recordkeeping and Confidentiality – Maps, plats, GIS, and privacy requirements
7. Coordination and Compliance – Reporting to taxing districts, Department of Revenue,
and inter-office collaboration
8. Inspection and Fieldwork – New construction, property condition, and verification of
improvements
1. The primary responsibility of a Kentucky PVA is:
A. Collecting property taxes
B. Appraising property for tax purposes
C. Issuing building permits
D. Enforcing zoning regulations
Answer: B – Appraising property for tax purposes
Rationale: PVAs determine fair cash value of real and personal property
for local taxation.
,2. The Kentucky PVA office is established under which legal
framework?
A. Kentucky Constitution and state statutes
B. Federal law
C. County ordinances only
D. Municipal charters
Answer: A – Kentucky Constitution and state statutes
Rationale: PVAs operate under state law and constitutional authority.
3. Which type of property must a PVA appraise?
A. Real property and personal property
B. Only commercial property
C. Vehicles only
D. Intangible assets only
Answer: A – Real property and personal property
Rationale: PVAs assess both real estate and tangible personal property for
tax purposes.
4. The fair cash value is defined as:
A. The price a property would sell for in an open market
B. The assessed value for insurance only
C. The original purchase price
D. The tax-exempt value
Answer: A – The price a property would sell for in an open market
Rationale: Fair cash value reflects market conditions at the time of
appraisal.
5. Which principle is most used by PVAs in property appraisal?
,A. Market, cost, and income approaches
B. Replacement value only
C. Insurance value only
D. Book value
Answer: A – Market, cost, and income approaches
Rationale: PVAs use all three approaches depending on property type.
6. The PVA’s appraisal of real property must consider:
A. Location, size, improvements, and market conditions
B. Only location
C. Zoning exclusively
D. Owner’s income
Answer: A – Location, size, improvements, and market conditions
Rationale: These factors determine the fair market value.
7. Personal property appraisal by a PVA includes:
A. Tangible business equipment, furniture, and fixtures
B. Stocks and bonds
C. Intellectual property
D. Only vehicles
Answer: A – Tangible business equipment, furniture, and fixtures
Rationale: Personal property for taxation is tangible and used in business
or ownership.
8. Kentucky PVAs are elected for a term of:
A. 4 years
B. 2 years
C. 6 years
D. Lifetime appointment
, Answer: A – 4 years
Rationale: PVAs are elected locally for a 4-year term.
9. Who supervises the PVA office?
A. County Judge/Executive
B. Kentucky Department of Revenue
C. Federal IRS
D. City Mayor
Answer: A – County Judge/Executive
Rationale: PVAs are locally elected and answer to county officials
regarding administration.
10. PVAs must update property records at least:
A. Annually
B. Every 5 years
C. Every 10 years
D. Only when property is sold
Answer: A – Annually
Rationale: Annual updates ensure accurate property valuations and tax
rolls.
11. The “cost approach” in appraisal estimates value based on:
A. Replacement cost minus depreciation
B. Market sales of similar properties
C. Owner’s income
D. Tax assessment
Answer: A – Replacement cost minus depreciation
Rationale: Cost approach considers how much it would cost to rebuild
minus wear and tear.
