What is "mass appraisal"?

The correct response identifies mass appraisal as the process of valuing a group of properties using standardized procedures. In mass appraisal, assessors utilize uniform methods and techniques to evaluate multiple properties simultaneously, often within a particular geographic area. This allows for consistency and efficiency in property valuation, especially important for taxation and local government assessments.

Mass appraisal relies on statistical models and data analysis to ensure that assessments are fair and equitable across a broader range of properties, rather than evaluating each property individually. This approach not only streamlines the assessment process but also helps maintain a level of objectivity and transparency in property valuations.

The other options suggest processes that are related to individual property valuations or specific categories, which do not encompass the broader scope and methodology involved in mass appraisal.