Property Valuation
In mass appraisal (as used for property tax assessment), the assessor typically uses:
AIndividual USPAP-compliant appraisals for every property
BStatistical models applied to groups of similar properties to estimate values efficiently✓ Correct
COnly the cost approach for all properties
DBroker price opinions submitted by local real estate agents
Explanation
Mass appraisal uses statistical modeling and computer-assisted appraisal techniques to value large groups of similar properties simultaneously, providing a cost-effective method for assessing all properties in a jurisdiction.
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