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ASSESSMENT REVIEW 2020 INFORMATION PACKETS Contents Assessment Review Standards Summary Chart Standards for Monitoring Local Assessment Practices by the DRA Assessing Standards Board (ASB) Assessment
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The assessment review standards summary is a document that encapsulates the standards and practices used to assess property values and ensure fairness in taxation.
Property owners, municipalities, and assessing authorities are required to file the assessment review standards summary as part of the assessment and property tax process.
To fill out the assessment review standards summary, provide detailed information about property assessments, including valuation methods, data sources, and compliance with local tax laws.
The purpose of the assessment review standards summary is to provide transparency in property assessments and ensure compliance with established assessment standards and practices.
The reported information must include property assessment methods, valuation criteria, data used, review procedures, and any adjustments made to assessments.
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