Appraisal Review Committee

An Appraisal Review Committee is a group of experienced professionals who evaluate property appraisals to ensure accuracy and fairness. They review appraisal reports to confirm that the property's value is correctly assessed based on market data and other relevant factors. This process helps maintain consistency and integrity in property valuation, which is essential for financial institutions, tax authorities, and other stakeholders. The committee's role is to verify that appraisals meet established standards and to prevent errors or biases from affecting property value assessments.