Re: MASS APPRAISAL MYTH MESS! Richard Dick Hoffman MAI

Posted by Cochise on April 07, 2008 at 15:16:48:

In Reply to: MASS APPRAISAL MYTH MESS! Richard Dick Hoffman MAI posted by Cochsie on April 07, 2008 at 15:02:47:

FROM:
Reappraisal for “Dummies”
Richard H. Hoffman, ASA, MAI, CAE
President & CEO, Appraisal Research Corporation
© 1998 by Richard H. Hoffman, ASA, MAI, CAE

VIOLATION OF ETHICS:
"Things Not To Do
1. Do not expect a reappraisal program, whether it’s in-house or out, to work
miracles or to correct years of neglect of your database, divisions of
property, transfers of property and other situations.
2. Don’t switch your focus from price to quality midway through the program
because the two are not compatible. Understand that if you talk about price,
price, price at the beginning of the job that you ought to be talking about price, price,
price at the end of the job. Remember, as the old saying goes, you get what you pay for."

pATENT iLLEGALITY:
"Don’t expect a low-priced job to be a high-quality job. There is no free lunch in this
world. However you will get what you pay for if you approach it in a reasonable and
workmanlike manner. Therefore, you must either pay a reasonable amount of money for
an in-house reappraisal program staff or you must be willing to pay a reasonable amount
of money for a qualified outside professional to assist you.
4. Do not expect your reappraisal to be either perfect or to run without difficulty. A
reappraisal program is much like a prize fight. No prize fighter ever got in the ring
without expecting to get hit and a reappraisal program has some similarities. You are
dealing with a phenomenal amount of data. The typical residential parcel contains an
estimated 3,300 bits of data to be gathered; a commercial parcel property has over 6,000

2
bits of data. This volume alone will lead to problems; and the fact that we must work
within budget and time constraints also increases the fact that we may have some errors."

sUSPICIOUS:
"10. Preparing your taxpayers for the change. As the old saying goes, if you fail to plan, you
plan to fail. I guarantee that if you live or work in an area of increasing values, taxpayers
are going to feel the reappraisal shock at one time or another. And, unless you’ve
prepared them, they are going to blame you.

http://www.appraisalresearch.cc/WEB%20PDFs/Reappraisal%20for%20Dummies.pdf

• http://www.harriscompanyrec.com

Follow Ups:

• Re: MASS APPRAISAL MYTH MESS! Richard Dick Hoffman MAI (url) - Cochise 15:35:12 04/07/08 (1)
  • Re: Richard Dick Hoffman MAI, UnExpert Witness (url) - Cochise 10:27:57 04/08/08 (0)

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