Property Valuation
What is 'mass appraisal' and how is it used by Rhode Island municipalities?
AAppraising multiple properties in a group for investment
BThe systematic appraisal of all properties in a jurisdiction (for tax purposes) using standardized methods and statistical analysis✓ Correct
CAn appraisal method for condominiums only
DA federal program for valuing government-owned properties
Explanation
Mass appraisal is the process used by Rhode Island municipalities to value all taxable properties for property tax assessment purposes using statistical models, standardized methods, and market data, rather than individually appraising each property.
Related Rhode Island Property Valuation Questions
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