An appraiser engaged by her local county assessment board to complete an appraisal on an apartment building for ad valorem taxation purposes must adhere to which USPAP Standard(s)?

An appraiser completing an appraisal for ad valorem taxation purposes is primarily concerned with the compliance of the appraisal with Standards 1 and 2 of the Uniform Standards of Professional Appraisal Practice (USPAP).

Standard 1 emphasizes the importance of the appraisal process, requiring the appraiser to develop a credible appraisal that is based on relevant data and sound reasoning. This ensures that the valuation provided is robust and defensible in the context of taxation.

Standard 2 focuses on the reporting aspects of the appraisal. It mandates that the appraisal report must be clear, comprehensive, and provide adequate support for the conclusions reached by the appraiser. This is particularly critical for ad valorem tax purposes, as the report may be scrutinized by both tax authorities and property owners.

Together, these standards ensure that the appraiser adheres to rigorous methodologies while providing transparent and thorough reporting, which is essential for tax assessments. Therefore, adherence to these particular standards is vital for appraisers engaged in activities related to property taxation.