3.7.2
3.7.3
3.7.4
USPAP Standard 6. The report shall contain, at a minimum, the following:
(1) A letter of transmittal to include a signed and dated certification
statement;
(2) Sections detailing:
(a) The scope of work;
(b) The development of values;
(c) Time trending analysis;
(d) Land and neighborhood data;
(e) Improved property data;
(f) Statistical testing, analysis, and quality control; and,
(g) The development of approaches to value used in the valuation
of properties.
(3) Appendices which may include, but not be limited to:
(a) Work plan;
(b) Neighborhood maps;
(c) Names and levels of DRA-certified individuals authoring or
assisting with the development of the USPAP compliant report;
(d) CAMA system codes;
(e) Identification and description of zoning districts;
(f) Qualified and unqualified sale codes; and,
(g) Other useful definitions or information.
(4) Instructions, or as a separate document, adequate instructions for the
municipal assessing officials to:
(a) Understand the valuation methodologies employed;
(b) Understand the market and neighborhood adjustments; and,
(c) Understand the conclusions of the appraisal report.
Company shall provide a USPAP compliant report to the municipal assessing
officials, to be retained by the municipal assessing officials until the next
revaluation and a copy to the DRA.
Company shall provide a USPAP compliant report to the municipal assessing
officials for any special use properties or utilities included in Section 2.7.3,
and a copy to the DRA.
Company shall provide a data collection manual, to be included within the
USPAP report, or as a separate document, which may include but not be
limited to:
(1) A description of building characteristics; extra features; outbuildings;
site improvements; site characteristics; road frontage; water frontage;
water access; topography; and view;
(2) A glossary and description of all codes used within the data collection
and on property record cards;
(3) A description of all grading factors utilized, which may include, but may
not be limited to: condition factors; quality; depreciation; amenity
values; and other factors or conditions; and,
16 City of Nashua, NH
Full Statistical Revaluation Contract
