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Are there different valuation methods used by the department to appraise the different types of properties?

April 26, 2017appraise Department different methods properties types Used valuation

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Are there different valuation methods used by the department to appraise the different types of properties?

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The appraisal process involves the use of three approaches to determine value. The determination of the value of an individual property may involve one, two or all three approaches, depending on the appropriateness or availability of data to be applied in the valuation of that property.