A. Appraisal of Land 1. Appraise all land within the Town, including residential, vacant, commercial, industrial, agricultural, special use, public utility, and tax-exempt properties. B. Land Value Study 1. Value land based on analysis of all sales data occurring during the two-year period prior to October 1, 2026. 2. Follow procedures and techniques expressly approved by the Assessor. 3. Conduct thorough investigation of sales data, consulting owners, realtors, banks, and other sources as needed. 4. Consider all factors affecting land value, including location, zoning, inland wetlands, topography, soil condition, utilities, size, vacancy, form of ownership, non-conforming uses, and zoning variances. 5. Record a brief description of each lot or parcel and the valuation computations on the field record card. C. Land Value Inspection 1. Make necessary adjustments for topographical inequalities such as high banks, steep slopes, swamps, irregular shapes, or other factors affecting land usefulness. 2. Consider non-conforming uses and zoning variances when establishing values. D. Land Value Unit 1. Prepare land unit values by front foot, square foot, acreage, or fractional acreage, as deemed most accurate by Contractor and Assessor. E. Land Value Map 1. Delineate land value units on all streets and acreage on a map provided by the Town. 2. Return the land value map to the Town prior to completion of the project. F. Neighborhood Delineation 1. Delineate “neighborhood” units within the Town based on environmental, economic, and social characteristics, with Assessor cooperation and approval. 2. Assign a separate identification code to each neighborhood unit for valuation purposes. 3. Record and maintain neighborhood codes on all property record cards and in the computer database...
