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What does CAAS stand for?

CAAS stands for Computer Assisted Appraisal System


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There are three approaches to value stipulated in the Florida Statutes: 1. ) "Direct Sales Comparison", 2. ) "Replacement Cost", and 3. ) "Capitalization of Income". In Lee County, we use a computer assisted mass appraisal system that incorporates elements of all three approaches to value. Please keep in mind, however, that the best evidence of the fair market value is when several properties similar to yours sell.
In Alachua County, as in the rest of Florida, we use a Computer Assisted Mass Appraisal (CAMA) system. The CAMA system incorporates our conclusions from the three approaches to value. Although this seems complicated, please keep in mind that we feel the best evidence of your market value are the sales, prior to January 1, of properties similar to yours.
Shelby County is on a four-year reappraisal cycle for real property. The last reappraisal occurred in 2009 and the next reappraisal is scheduled for 2013. Personal property is appraised annually. Property Valuation In valuing Shelby County’s more than 351,000 real estate parcels, the Assessor uses accepted methods approved by the Tennessee Division of Property Assessments to estimate market value. A team of appraisers analyzes market sales plus cost and income data according to accepted appraisal practices and uses a computer-assisted-mass-appraisal system.