10 steps in a reappraisal

10 STEPSIN AREAPPRAISAL

AS SUGGESTED BY

IAAO

PERFORMANCEANALYSIS

REAPPRAISALDECISION#1

ANALYSIS OF AVAILABLE &

REQUIRED RESOURCES

#3PLANNING

&ORGANISATION

#4

#2

SYSTEMACQUISITION

ORDEVELOPMENT

#5

#6 P I L O TS T U D Y #7 DATA

COLLECTION #8 VALUATION

#9 V A L U ED E F E N C E #10

F I N A LR A T I OS T U D Y

ABOUT THE INTERNATIONALASSOCIATION OF ASSESSINGOFFICERS (IAAO)

I - K P K T | B E R J A Y A H I L L S | P A H A N G

nonprofit, educational association

based in Kansas City, Missouri, USA

her mission is to provide leadership in

accurate property valuation, property tax

administration, and tax policy through out

the world

ABOUT THE INTERNATIONALASSOCIATION OF ASSESSINGOFFICERS (IAAO)

I - K P K T | B E R J A Y A H I L L S | P A H A N G

Members subscribe to the Code of Ethics

and Standards of Professional Conducts

The Uniform Standards of Professional

Appraisal Practice

I - K P K T | B E R J A Y A H I L L S | P A H A N G

PERFORMANCEANALYSIS

Ratio Study

Evaluation of Existing Practices and

Procedures

#1

I - K P K T | B E R J A Y A H I L L S | P A H A N G

REAPPRAISALDECISION

Statutes, Administrative Rules, or

Court Orders

Cyclical Schedules

Review of Standard on Appraisal

Review of Standard on System

#2

I - K P K T | B E R J A Y A H I L L S | P A H A N G

ANALYSIS OFAVAILABLE &REQUIREDRESOURCES

StaffData Processing Support, Computersand EquipmentsData, Maps and Digital ImageryExisting Systems, SoftwareApplications and ProceduresBudget and Funding Mechanism

#3

I - K P K T | B E R J A Y A H I L L S | P A H A N G

PLANNING &ORGANISATION

Objectives

Work Plan and Assignment of

Responsibilities

#4

I - K P K T | B E R J A Y A H I L L S | P A H A N G

SYSTEMACQUISITION ORDEVELOPMENT

Forms, Manual and Valuation Systems

Software (generic, CAMA, GIS and

project management)

#5

I - K P K T | B E R J A Y A H I L L S | P A H A N G

PILOT STUDY

Small area/kluster (50 - 200 holdings)

Evaluate and review

Sustain or vary

#6

I - K P K T | B E R J A Y A H I L L S | P A H A N G

DATA COLLECTION

Property Characteristics Data

Should be thoroughly edited and

tested

#7

I - K P K T | B E R J A Y A H I L L S | P A H A N G

VALUATION

Initial values

Testing, refinement and final values

#8

I - K P K T | B E R J A Y A H I L L S | P A H A N G

VALUE DEFENSE

Informal Hearings

Formal Hearings

#9

I - K P K T | B E R J A Y A H I L L S | P A H A N G

FINAL RATIOSTUDY

measure and evaluate the accuracy

and uniformity of new values

#10

THANK YOU

PREPARED BY

E. BIN BUSTAMIN