Mass Appraisal Revaluation Steps

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I.     County Auditor receives an order to reappraise property from the Division of Tax Equalization (D.T.E.)

A.          Develop work plan

  II.      Make-ready phase

A.          Create Standard Operating Procedures

B.          Prepare GIS mapping programs 

   III.      Valuation analysis phase

A.      Compile & analyze three-year real estate sales statistics
for all classes of property

B.      Either develop, or re-examine, neighborhoods and market
area groupings

C.          Conduct statistical analyses of neighborhood values within each property class, grade distribution & other commonality items

D.         Set initial land values

E.         Set initial building values

  IV.      Field work phase

A.        Commercial, industrial & exempt property listing/information
verification and gather income and expense information

B.         Residential & agricultural listing/information verification or
data mailing utilization

C.         Property record cards quality-controlled prior to data entry

D.         Data entry using a computer assisted mass appraisal (CAMA) program begins

     V.      Review phase

A.          Experienced appraisers re-examine properties to verify quality grades, classes, depreciations, influence factors & values

B.          Data enter information for commercial & industrial properties

C.          Prepare industrial reports

D.          Update CAMA database with data mailer information

E.          Analyze & apply groups of income & expense information

  VI.      Final Analysis Phase

A.          Incorporate changes from the review phase

B.          Develop a final estimate of value

C.          Document significant value changes

D.         Value & data enter new construction

E.         Conduct statistical analyses of new values to ensure market values were met

VII.      County Board of Equalization approves property values

VIII.      Submit tentative abstract of property values to the
    Department of Tax Equalization (D.T.E.)

A.          D.T.E. either approves or disapproves values

B.          Advertise the informal hearing (open book) period

  IX.      Informal hearings

A.         Property owners meet with appraisers to view their property(ies) records, verify facts, & discuss values

B.         If appropriate, re-inspect selected properties

C.         If needed, send update property values to property owners

     X.      Submit final abstract of property values to the Division of Tax Equalization (D.T.E.)

A.         D.T.E. accepts the County Auditor's final abstract & approves the property values

  XI.      Tax bills are mailed

XII.      Defense of values

A.          Board of Revision

B.          Board of Tax Appeals

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