What does Form POW represent in the property assessment process?

Form POW represents a "Plan of Work during Revaluation Process." This document is essential in the property assessment process as it outlines the strategies and methodologies that a municipality will employ to conduct property revaluations effectively. The revaluation process is critical in ensuring that property assessments reflect current market conditions, thus promoting fairness and equity in taxation.

The Plan of Work serves as a roadmap detailing various steps such as data collection, analysis, and methods of communication with property owners regarding their assessments. It also ensures compliance with state regulations and provides a structured approach to the revaluation, which helps maintain transparency and accountability in the assessment process.

This understanding is crucial for assessors as it affects how assessments are determined and can impact the tax burden on property owners. A well-structured Plan of Work indicates a deliberate effort to manage the revaluation process, ensuring accuracy and consistency while adhering to state guidelines.