What is a core goal of stakeholder engagement in mass appraisal?

A core goal of stakeholder engagement in mass appraisal is to align the valuation with community expectations. This approach involves actively involving various stakeholders, including property owners, community members, and public officials, to gather insights, address concerns, and ensure transparency in the assessment process. By considering the values, needs, and expectations of the community, appraisers can produce valuations that are more relevant and accepted by the public. Engaging stakeholders helps to build trust and can enhance the legitimacy of the assessed values, ultimately leading to a smoother implementation of the appraisal results.

While engaging investors, minimizing the time needed for appraisals, and reducing costs are important considerations in property assessments and mass appraisal, they do not capture the fundamental goal of aligning valuations with what the community believes is fair and reflective of property values. Community engagement ensures that the appraisal process is not only technically sound but also socially accepted, which is crucial for the long-term success of any mass appraisal initiative.