Revaluations and Partial Updates

Revaluations: Conduct DRA recommended cyclical or full measure and list revaluation to ensure equitable values across all properties within a municipality. MRI will verify, measure and list sale properties, perform field reviews, set new values, conduct informal hearings and prepare a USPAP compliant manual. 

Partial Updates: Conducted between updates of all properties to 100% of market value to analyze sales of various property types (vacant land, condominiums, mobile homes, commercial property, waterfront property, etc.). Since different types of properties tend to change in value at differing rates, this allows the assessing officials to adjust specific categories of properties whose values have fallen out of sync with the Town’s overall ratio to bring them back in-line with the rest of the municipality.

Oversight: MRI has an excellent working relationship with revaluation companies throughout New England and we are able to conduct control measures to ensure the Town is getting the quality work product it desires/deserves from the revaluation or update. We can help draft the contract, spot check data collection to ensure accurate property descriptions, work with the revaluation company in determining base rates or check them after they are developed, but before they are applied to all properties, spot check informal hearings and the changes made as a result of them and ensure the final ratios are where the Town wants them to be.

Please contact us with any questions.