The standard provides principles, guidance, and best practices for developing and using Automated Valuation Models (AVMs) for the valuation of real property. The standard is organized with each major section beginning with the main principles covered in that section, followed by a description of all principles.
Mass appraisal techniques; Data processing in assessment
The AVM Standard was reviewed and updated through the dedicated efforts of the AVM Standard Review and Edit Special Task Force comprising August J. Dettbarn, Chair; Peader Thomas Davis; Leandro Escobar; Ingi Finnsson; Randy J. Ripperger, CAE; and Larry J. Clark, CAE.
Approved September 2003; Revised July 2018
International Association of Assessing Officers (2018). Standard on automated valuation models (AVMs). Journal of Property Tax Assessment & Administration, 15(2), 67-101. Retrieved from https://researchexchange.iaao.org/jptaa/vol15/iss2/5