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So often, the question degrades into something like "Why does the regression software give stupid answers?" I pushed the magic button! People do not like the answer. You’re paid to do an analysis, not wave a magic wand, or push a magical appraisal button. We have another name for that, it’s called an AVM.
Fannie Mae Plans Massive Changes to Appraisal Process. by Isaac Peck, Editor. In its March 21, 2019 Appraiser Update, Fannie Mae revealed that it is currently testing a concept called Property Data Collection (PDC), where a property data collector, not necessarily a licensed appraiser, would inspect a home and report back on the condition of the property.
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Hendricks Not Paying Property Taxes?. and ACCURATE property value assessment, simple.. from got to keep them pockets full now hes pushing to not pay taxes what about the less wealthy people.
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An appraiser of clocks and watches is asked to value a collection for an estate, but the appraiser is told not to examine any of the timepieces.Instead, the appraiser is given a list of the make, model, and serial number of each item by the executor of the estate and is told to assume that all of the clocks and watches are in good running order.
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An institution may use a TAV in developing an evaluation when it can demonstrate that a valid correlation exists between the tax assessment data and the market value. In using a TAV to develop an evaluation, an institution should: Determine and document how the tax jurisdiction calculates the TAV and how frequently property revaluations occur.