The ARB may ask the appraisal district for a copy of these standards. In a mass appraisal, the appraisal district first collects detailed descriptions of each taxable property in the district. It then classifies properties according to a variety of factors, such as size, use, and construction type. Using data from recent property sales, the district appraises the value of typical properties in each classification. Using modifiers to adjust for minor differences such as age or location, the district uses the typical property values to appraise all the properties in the classification.
Computers often make the process more efficient.
ARB members should become familiar with the district's mass appraisal methods. Methods of appraisal. The chief appraiser must consider all three and use the method he or she considers most appropriate in appraising a particular property. When using the market data comparison method of appraisal, the appraisers will use comparable sales data, if possible, and adjust the comparable sales to the subject property. Additional information about the approaches to value may be found in appraisal textbooks.