ASSESSOR 1 OR 2: LAW AND APPRAISAL
EXAM QUESTIONS AND ANSWERS 100%
PASS 2026/2027
Personal property classifications - ANS 1. Machinery, tools and patterns
2. The number and value of steam and other vessels
3. The value of furniture, fixture and equipment
Deadline for filing Statement of Personal Property - ANS March 1
Under Wis. Stat. Section 70.32(2)(c)1d, what is the reference year for determining whether a
parcel qualifies as Agricultural Forest? - ANS 2004
Agricultural Forest - ANS The parcel is contiguous to a parcel that has been classified in whole
as agricultural land and both parcels are owned by the same person and is producing or capable
of producing commercial forest products.
Under the income approach, what is potential gross income? - ANS Income that would be
generated if property was 100% occupied and receiving the market rent.
Under the income approach, what are allowable expenses? - ANS The following categories
are proper expenses related to the operation of a property:
1. management
2. salaries
2026/2027 ALLRIGHTS RESERVED
1
EXAM QUESTIONS AND ANSWERS 100%
PASS 2026/2027
Personal property classifications - ANS 1. Machinery, tools and patterns
2. The number and value of steam and other vessels
3. The value of furniture, fixture and equipment
Deadline for filing Statement of Personal Property - ANS March 1
Under Wis. Stat. Section 70.32(2)(c)1d, what is the reference year for determining whether a
parcel qualifies as Agricultural Forest? - ANS 2004
Agricultural Forest - ANS The parcel is contiguous to a parcel that has been classified in whole
as agricultural land and both parcels are owned by the same person and is producing or capable
of producing commercial forest products.
Under the income approach, what is potential gross income? - ANS Income that would be
generated if property was 100% occupied and receiving the market rent.
Under the income approach, what are allowable expenses? - ANS The following categories
are proper expenses related to the operation of a property:
1. management
2. salaries
2026/2027 ALLRIGHTS RESERVED
1
