Which USPAP Standards address mass appraisals?

The correct choice is Standards 5 and 6 because these standards specifically relate to mass appraisals within the context of the Uniform Standards of Professional Appraisal Practice (USPAP).

Standard 5 establishes the requirements for mass appraisal, including the need for sound methodologies that can handle the appraisal of multiple properties simultaneously and under uniform conditions. This standard emphasizes the importance of data collection and analysis to ensure fairness and accuracy across the entire population of properties being appraised.

Standard 6 complements this by focusing on the requirements for the appraisal of real property for property tax purposes. It addresses how appraisers should adhere to applicable laws and regulations while conducting mass appraisals for taxation. This standard ensures that mass appraisals are performed consistently and transparently, reflecting market value accurately.

Together, these standards provide a comprehensive framework that guides appraisers in conducting mass appraisals effectively, emphasizing quality, objectivity, and compliance with relevant laws. Understanding these standards is essential for appraisers working in contexts where they are required to estimate values for large numbers of properties collectively rather than individually.