Certified Pennsylvania Evaluator Practice Exam

Which USPAP standard is applicable to mass appraisals?

1. Standard #3

2. Standard #5

3. Standard #6

4. Standard #11

The correct answer is: Standard #6

The appropriate USPAP standard applicable to mass appraisals is Standard #6. This standard specifically addresses mass appraisals, which are typically used for ad valorem tax purposes and involve the valuation of groups of properties rather than individual properties. Standard #6 outlines the requirements for a mass appraisal process, ensuring that appraisers employ consistent and reliable methods to assess groups of properties. It emphasizes the need for statistical analysis, the analysis of market trends, and the appropriate use of data to ensure that the valuations are equitable and defensible. In the context of mass appraisal, it is crucial that the appraiser understands the unique characteristics of the properties being assessed and uses appropriate strategies to group them wisely. This standard also includes guidelines for the presentation of the appraisal report, which is essential for transparency and understanding among stakeholders. The other standards mentioned are relevant to different aspects of appraisal but do not specifically address mass appraisal situations, making Standard #6 the most relevant choice for this context.