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Overview The Fayette County Commissioners formally suspended the 2010 reassessment project on August 5th, 2009. With this action, the county has now rolled back all of the assessments to their prior valuation. Property owners will be notified by mail as to those valuations the week of August 10th, 2009. Any person who wishes to file an appeal against those “old” valuations may do so by contacting the Assessment Office no later than September 15th. 
Many homeowners and business people are familiar with the nature and use of real estate appraisals. In most cases, such appraisals are done one-at-a time by qualified appraisers. However, in order to appraise approximately 78,000 parcels of real estate in two years, counties have to use a different approach. This approach is called "mass appraisal."
The mass appraisal process involves a number of distinct but interrelated processes. During this process, the mass appraisal company will collect information for every property and will analyze real estate costs and sales. In its annual publication, Uniform Standards of Professional Appraisal Practice, the Appraisal Standards Board has defined mass appraisal as follows:
"[Mass appraisal] is the process of valuing a universe of properties as of a given date utilizing standard methodology, employing common data and allowing for statistical testing."*
To learn more about the methodology used for the Fayette County Property Revaluation Project, click on the steps shown at the left starting with Step 1: Data Collection and concluding with Step
5: Change of Assessment Notice.
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