Illustrations (AO-32)

1.

An appraiser is in the process of developing appraisals for the next year’s tax roll.  The residential properties, condominiums, and general commercial and major commercial properties will be valued with a mass appraisal model.  Which development standards apply?

Because the subject of the appraisal is a universe of properties, and because they are being appraised with a mass appraisal model, STANDARD 6 applies.

2.

An appraiser has completed a mass appraisal for ad valorem taxation using a mass appraisal model.  There is a special use property for which it has been determined that the mass appraisal model is not appropriate.  This property will be appraised as an individual property.  Which development standard applies to the appraisal of the special use property?

Even though the special use property is being appraised for ad valorem taxation, STANDARD 1 would apply because the subject is an individual property, not a universe of properties.

3.

An assessment appeal is in process, and an appraisal of an individual property is being conducted as part of that appeal.  Which development standards apply?

STANDARD 1 or STANDARD 7 would apply because an individual property is being appraised rather than a universe of properties.

4.

An appraiser is conducting a mass appraisal for ad valorem taxation.  A property record card is produced for each property.  Is each property record card considered a report under STANDARD 6?

No.  The property record card is not the mass appraisal report; it is only a portion of the information and analysis supporting the mass appraisal.