Rocky Mountain Valuation Specialists, LLC (RMVS) awarded the 2005 Colorado Property Assessment Study

(PRWEB) September 15, 2004

Rocky Mountain Valuation Specialists LLC (RMVS) announced today that it has been awarded the 2005 Colorado Property Assessment Study by the Legislative Council of the Colorado Legislature. This award follows the previous award to RMVS of the 2003 and 2004 studies. RMVS continues its role as the 4th firm to have held this position since the inception of the study.

The Colorado Property Assessment Study is the largest state-wide, privately conducted assessment performance contract awarded in the United States. The study provides an audit of all values applied by the state’s 64 assessment jurisdictions on all real and personal property in Colorado, comprising approximately 2.4 million parcels, aggregately valued at more than 7 billion.

RMVS was awarded the contract based on its comprehensive valuation approach, including the use of appraisal valuation modeling techniques (AVM) that will allow it to perform the study through the efficient and leveraged use of statistical analysis. Two RMVS principals, Mark Linné, CRE, MAI, CAE, ASA and M. Steven Kane, have been instrumental in the development of AVM methodologies and techniques, and most recently were the authors of the text “A Guide to Appraisal Valuation Modeling” published in 2000 by the Appraisal Institute, and the more recent text “Practical Applications in Appraisal Valuation Modeling”, published in May 2004.

“The award of the Property Assessment Study” was recognition of the skill-set that RMVS brings to the valuation of large aggregated data”, explained Mark Linné, RMVS Managing Director. “The study provides a natural extension of the skills we have developed as Colorado’s largest valuation services provider. It is clear recognition that an appraisal firm with mass appraisal capabilities is the logical choice to perform an analysis of this type”.

Linné announced that Stephen Snyder, CAE, RMVS Director of Audit, would continue to head the assessment study. Mr. Snyder has a strong background in assessment and appraisal, having served as Chief Appraiser for the Mesa County, Colorado assessor’s office.

RMVS is a comprehensive valuation services provider with 55 employees in three Colorado offices. In addition to traditional valuation products, RMVS also offers specialty services in appraisal valuation modeling, eminent domain and feasibility analysis.

Additional information is available at the RMVS website:

www.rockymountainvaluation.net

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