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CLASS APPRAISAL A Nationwide Appraisal Management Company4000.1 FHA Single Family Housing Policy Handbook Update Summary The following is a summary of changes regarding the appraiser/appraisal report
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What is class appraisal?
Class appraisal is the process of evaluating a class or category of property for tax assessment purposes.
Who is required to file class appraisal?
Property owners or their representatives are required to file class appraisal with the appropriate tax authority.
How to fill out class appraisal?
Class appraisal forms can typically be filled out online or submitted in person to the tax authority. Detailed instructions are usually provided on the form.
What is the purpose of class appraisal?
The purpose of class appraisal is to determine the value of a group of similar properties for tax assessment purposes.
What information must be reported on class appraisal?
Information such as property characteristics, assessment methods, and valuation details must be reported on class appraisal forms.
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