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 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

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;

Examples of Mass appraisal in a sentence

• The revaluation project shall be computer generated utilizing the Vital Computer Aided Mass Appraisal System and Vital Image software in accordance with the specifications outlined under Section 21 of this agreement and so stated elsewhere.

• The revaluation project shall be computer generated utilizing the BRT’s Computer Assisted Mass Appraisal System, BRT’s Image software and BRT’s PRC Powerpad electronic data collection system utilizing tablet computers in accordance with the specifications outlined under Section 19 of this agreement and so stated elsewhere.

• Submission of a proposal utilizing any other Computer Aided Mass Appraisal System (CAMA) will be grounds for an automatic disqualification of the proposal submitted.

• The Company shall use BRT’s Computer Assisted Mass Appraisal System (CAMA), BRT’s imaging system and BRT’s PRC Powerpad electronic data collection system utilizing pen-based laptop computers.

• The revaluation of all properties must be computer assisted utilizing the Vital Computer Assisted Mass Appraisal System (CAMA) and Imaging system.

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 an appraisal of a universe of properties performed in accordance with Standard 6 of the USPAP Uniform Standards of Professional Appraisal Practice.

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 in accordance with Standard Standards 5 and 6 of the USPAP Uniform Standards of Professional Appraisal Practice.

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.