240129 - STATISTICAL REVALUATION OF REAL PROPERTY

The successful proposer must utilize the Town’s GIS data in all aspects of the revaluation.  This includes plotting assessed to sales ratios on the maps both before and after the revaluation, making mass database changes to individual data items as deemed necessary by the sales analysis, delineating neighborhoods using the mapping data and using the GIS information to route the field review effort.  The GIS data must be utilized for in depth quality control of the final data and should be used to depict an old to new value change representation once final values have been established.  It should also be used as a public relations tool to produce maps that help the taxpayers better understand the revaluation process.
The values to be determined shall be the present true and actual value of each parcel of real property as that term is used in Title 44 of the Rhode Island General Laws and shall be based upon recognized methods of appraisal and conform to Uniform Standards of Professional Appraisal Practices, as required by Rhode Island General Laws for the licensing and certification of all individuals involved in the appraisal of real estate.