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Standard on - IAAO

3 Standard on Mass Appraisal of Real Property Approved July 2017 International Association of Assessing Officers This Standard replaces the January 2012 Standard on Mass Appraisal of Real Property and is a complete revision. The 2012 Standard on Mass Appraisal of Real Property was a partial revision that replaced the 2002 Standard . The 2002 Standard combined and replaced the 1983 Standard on the Application of the Three Approaches to Value in Mass Appraisal, the 1984 Standard on Mass Appraisal, and the 1988 Standard on Urban Land Valuation.

contracting for reappraisals, benefit -cost issues, and space requirements. Section 7 discusses reference materials. 2. Introduction . Market value for assessment purposes is generally determined through the application of mass appraisal techniques. Mass appraisal is the process of valuing a group of properties as of a given date and using

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