Appraiser I & II Practice Exam

Mass appraisers often consider current use in their evaluations primarily to ensure that assessments reflect actual usage. This approach provides a more accurate representation of the property’s value based on what the property is being utilized for at the time of the appraisal. By accounting for how a property is currently being used, appraisers can better determine its market value, which is essential for various stakeholders, including property owners, tax authorities, and potential buyers.

Incorporating current use helps prevent discrepancies between assessed values and market conditions, leading to fairer taxation and better-informed investment decisions. Understanding the actual usage allows mass appraisers to deliver a comprehensive assessment that accurately captures the economic realities of the property, which is crucial in maintaining equity and fairness in property taxation and appraisal processes.