BID - Reappraisal & Revaluation Services 2006

This document provides detailed guidelines and requirements for the development and implementation of a Computer-Assisted Mass Appraisal (CAMA) system for property valuation in a city. The CAMA system is intended to assist in the valuation of real estate properties for assessment purposes. The document outlines various modules and functionalities that the CAMA system should have. These include a data management module, a valuation module with a general report writer, and an imaging module for storing and retrieving images of parcels. Additionally, the system should consider the location of the property and allocate building space for potential or actual use. The valuation standards section describes the different approaches that the contractor should use to determine property values, such as the market approach, cost approach, and income approach. The document also emphasizes the need for sales verification, depreciation analysis, and neighborhood delineation. Furthermore, the CAMA system should be capable of generating reports for statistical and comparable sales analysis based on predefined and user-defined criteria. It should also provide output to standard analytical software programs for various measurements and sales/assessment ratios. The document highlights the role of a review appraiser who will utilize the CAMA system to assess property valuations. The appraiser will consider factors like property location and building space allocation for potential or actual use. Overall, the document provides comprehensive specifications and requirements for the development and implementation of a CAMA system that will streamline and enhance the property valuation process in the city.