Mass appraisal definition

Mass appraisal means the process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing.

Mass appraisal means the process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing. Methodology that is acceptable shall include, but is not limited to, automated valuation models, adaptive estimation procedure, multiple regression analysis, statistical analysis and other generally accepted techniques;

Mass appraisal means the utilization of standard commonly recognized techniques to value a group of properties as of a given date, using standard appraisal methods, employing common data and providing for statistical testing. Rev 601.33

Examples of Mass appraisal in a sentence

• Note: The study above and the two following include only single family residences (Use code 111, 116, 141 and 142) as this is the predominant property type in the residential appraisal management region and to only those sales that met the criteria listed section “Appraisal Performance – Mass appraisal reports- sales.” It is felt that these sales represent the market and overall residential market trend for the Snohomish County.

• Documents exchanged between the parties in a language other than English under §15 below (Production of Documents) need not be translated.

• Mass appraisal standards must comply with the Uniform Standards of Professional Appraisal Practice (USPAP).According to Section 6.05 (i) of the Property Tax Code, the district is required to hold public hearings and adopt a reappraisal plan by resolution before September 15 of even numbered years.

• Mass appraisal is the valuation of groups of properties as of a specified date, using standardized procedures and statistical testing.4 Single-property appraisal and mass appraisal are similar and follow a similar process; they differ primarily in scope and quality control.

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More Definitions of Mass appraisal

Mass appraisal means the process of preparing assessments for a group of properties as of the base date using standard appraisal methods, employing common data and allowing for statistical testing;

Mass appraisal means the process of preparing assessments for a group of properties using standard methods and common data and allowing for statistical testing;

Mass appraisal means an appraisal performed in accor- dance with Standard 6 of the USPAP.

Mass appraisal means an appraisal wherein the value conclusion for each Mortgaged Property is determined by adjusting the values from the 2005 Appraisals and the 2006 Appraisals for changes in market conditions as determined by extrapolating the values based on the full narrative appraised values on a representative sample of Mortgaged Properties.

Mass appraisal means an appraisal performed by an assessor, as defined in s. 458.09 (1), Stats., in accordance with Standard 6 of the uniform standards of professional appraisal practice.

Mass appraisal means the process of preparing assessments for a group of interests in reserve lands as of the base date using standard appraisal methods, employing common data and allowing for statistical testing;

Mass appraisal means an appraisal of a universe of properties performed in accordance with the Uniform Standards of Professional Appraisal Practice.