Property Valuation
Massachusetts assessors are required to conduct a 'revaluation' of all properties in their municipality at least once every:
A1 year
B3 years✓ Correct
C5 years
D10 years
Explanation
Massachusetts law requires municipalities to conduct a full revaluation of all property at least every three years (though annual updates to assessed values are increasingly common) to maintain assessments at full and fair cash value.
Related Massachusetts Property Valuation Questions
- In Massachusetts, a 'comparative market analysis' (CMA) is most commonly prepared by:
- In Massachusetts, an 'as-is' appraisal value:
- For Massachusetts tax assessment purposes, property is assessed at 'full and fair cash value,' which is defined as:
- A Massachusetts appraiser determines that a comparable property has an inferior kitchen worth $12,000 less than the subject's kitchen. The appraiser should:
- A Massachusetts appraiser performing a 'desktop appraisal' (no physical inspection) relies primarily on:
- The principle of substitution states that:
- Which of the following is NOT one of the four essential elements of value (DUST)?
- The 'principle of conformity' in Massachusetts real estate valuation states that:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →