What is the purpose of "mass appraisal"?

The purpose of "mass appraisal" is to assess many properties simultaneously using standardized procedures. This approach is essential for property tax assessment, allowing assessors to efficiently evaluate a large number of properties at once rather than conducting individual appraisals for each property. Mass appraisal utilizes statistical methods and predefined criteria to establish value estimates, ensuring consistency and fairness in property assessments across a defined area.

By employing mass appraisal, assessors can maintain up-to-date property values that reflect current market conditions while also adhering to regulatory requirements for equity in property tax assessments. This method is particularly advantageous in jurisdictions where properties are numerous and diverse, as it streamlines the assessment process and minimizes the cost associated with individual appraisals.