Which step follows data collection in the mass appraisal process?

In the mass appraisal process, after data collection, the next logical step is to estimate the date of value. This step is crucial because property values can fluctuate over time due to various factors such as market trends, economic conditions, and specific characteristics of the properties in question. Without establishing a specific date of value, the appraiser may not accurately assess the current market conditions that apply to the properties being evaluated.

Estimating the date allows the appraiser to align the collected data with the appropriate valuation standards and guidelines relevant to that particular timeframe. This is especially important in maintaining consistency and ensuring the reliability of the valuations derived from the subsequent modeling and analysis that follow.