What role does technology play in the field of mass appraisal?

Technology plays a vital role in the field of mass appraisal primarily by enhancing data collection and analysis. With the integration of technological tools and software, appraisers can gather more comprehensive and accurate data more efficiently than manual methods would allow.

These tools facilitate the handling of large volumes of data, enabling appraisers to analyze trends, patterns, and correlations among various property characteristics and market conditions. This analytical capability is essential for developing and applying mass appraisal models, ensuring that assessments reflect current market values more accurately.

By improving the quality and efficiency of data handling, technology also aids in the identification of factors that influence property values, allowing for more informed decision-making in the appraisal process. This capacity for enhanced data analysis leads to better equity in assessments and improves the credibility of the appraisal process overall.