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Real Estate Encyclopedia | Property Law Dictionary | Real Estate Terms | Meanings & Definitions |      Nov 21, 2017

More New Real Estate Terms

mass appraisal(AmE)

A systematic appraisal of a group of properties as of the same date and using similar methodology. A mass appraisal is generally carried out using uniform data and the results are compiled so that they may be reviewed and analysed statistically. A mass appraisal is generally carried out to enable a review of the market levels of the subject properties, especially to enable a statutory authority to adjust property for ad valorem property taxation. The valuation may also be carried out for statistical or economic studies.

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