An assessor's parcel number in an appraisal report serves to:
Correct Answer
D) Identify the parcel in tax records, supplementing the legal description
Why this is correct: As the original explanation states, an Assessor's Parcel Number (APN) is an administrative identifier used by tax authorities to index a property for assessment and billing. It supplements, but does not replace, the legal description in an appraisal report. Why the other choices are wrong: 'Legally define the property's exact boundaries for conveyance purposes' is false; only a formal legal description (like metes and bounds) does that. 'Establish the property's market value for the tax year' is the role of the assessment, not the APN itself. 'Prove the current owner's title is free of any liens' is incorrect; a title report is needed for that. Exam tip: APN = for tax ID; Legal Description = for defining the property rights being appraised.
Why This Is the Correct Answer
Why this is correct: As the original explanation states, an Assessor's Parcel Number (APN) is an administrative identifier used by tax authorities to index a property for assessment and billing. It supplements, but does not replace, the legal description in an appraisal report. Why the other choices are wrong: 'Legally define the property's exact boundaries for conveyance purposes' is false; only a formal legal description (like metes and bounds) does that. 'Establish the property's market value for the tax year' is the role of the assessment, not the APN itself. 'Prove the current owner's title is free of any liens' is incorrect; a title report is needed for that. Exam tip: APN = for tax ID; Legal Description = for defining the property rights being appraised.
More Property Description Questions
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