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What is the difference between an appraisal and the PVA assessed value?
The county Property Valuation Administrator (PVA) assesses every parcel for property tax as of January 1 each year, using mass-appraisal methods. An appraisal is an independent opinion of market value for one property, for a specific purpose and effective date, developed under the Uniform Standards of Professional Appraisal Practice (USPAP). The two numbers often differ. A PVA record is not a sale and is not an appraisal.
Answer by Scott D. Kelley, Kentucky Certified General Appraiser #4265. General information, not legal advice or an appraisal of any property.
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