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

• Mass appraisal started in the United States in the 1920s, and continues to evolve.6 The following excerpts from a recent mass appraisal handbook provide a useful perspective on the current state of mass appraisal as viewed from both within and outside the ad valorem appraisal profession.

• Mass appraisal for ad valorem tax purposes is concerned with equity of values and systematically considers the just values of other property within groups for equity reasons, subject to variation in property characteristics within such groups.

• Mass appraisal has an organizational context since teams of people are generally required to complete a mass appraisal project.

• Mass appraisal is the process of valuing a group of properties as of a given date, using standard methods, and employing common data, which allows for statistical testing.

• Mass appraisal techniques generally are necessary given the enormity of this task.

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

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 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;