Section 280-RICR-40-00-2.2 - Property Valuation Plan UpdateA. After identifying the components of the valuation update program and the specific tasks necessary to complete those components, the assessor needs to evaluate the resources, in-house personnel and professional assistance, required to carry out the program in a timeframe consistent with the tax billing cycle. The assessor should then prepare a project plan. Every plan at a minimum should address:1. The valuation methods being employed for each class of property: residential, commercial and industrial, utilities, and vacant land.2. The in-house personnel and/or professional appraisal assistance required to complete the property valuation update.3. The work schedule and projected date of completion.4. The availability of adequate funds.280 R.I. Code R. 280-RICR-40-00-2.2