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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