Certified Pennsylvania Evaluator Practice Exam

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Prepare for the Certified Pennsylvania Evaluator Exam with flashcards and comprehensive multiple-choice questions. These resources include detailed explanations and hints to help you excel. Ace your certification!

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Given a base year value of $1,650,700,000 and a PDR of 80%, what is the assessed value?

$1,320,560,000
$1,200,000,000
$1,400,000,000
$1,500,000,000

The correct answer is: $1,320,560,000

To determine the assessed value based on the given base year value and the Property Data Ratio (PDR), you apply the PDR to the base year value. The formula to calculate the assessed value is: Assessed Value = Base Year Value × PDR In this case, the base year value is $1,650,700,000 and the PDR is 80%, or 0.80 when expressed as a decimal. Applying these values into the formula gives: Assessed Value = $1,650,700,000 × 0.80 = $1,320,560,000 This calculation correctly yields an assessed value of $1,320,560,000, which corresponds with the first choice. Understanding the application of the PDR to the base value is crucial; it quantifies how a property is appraised for taxation purposes. The assessed value is typically a percentage of the market value, indicating how much of that value is used for tax-related decisions. Thus, this accuracy in calculation leads to the correct answer.