Property Valuation
In Texas, a county appraisal district's use of 'mass appraisal' techniques means they:
APersonally inspect every property every year
BUse statistical models and market analysis to value large numbers of properties systematically, without individual inspections of each property✓ Correct
COnly value properties when they sell
DUse a flat rate per square foot for all properties
Explanation
Mass appraisal involves applying statistical models and market analysis to value large numbers of properties systematically and efficiently. CADs use automated valuation models, comparable sales analysis, cost schedules, and income models to establish values for entire classes of property. Individual property inspections occur periodically but not for every property every year.
Related Texas Property Valuation Questions
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