What type of properties does the DOR standard for PRD apply to?

The DOR standard for PRD, which stands for Property Record Data, applies to both residential and non-residential properties. This comprehensive approach is important because it allows for a uniform standard to assess and maintain property records across all types of real estate. This ensures that appraisals and property assessments can be conducted fairly and accurately, regardless of whether the property is a home, office building, retail space, or other types of real estate. By encompassing both categories, the DOR standard helps create a more complete database of property information, which is crucial for tax assessments, market analyses, and other activities related to property valuation. This is essential for supporting a consistent valuation process across various types of properties, addressing the diverse needs of the real estate market.