Section 280-RICR-40-00-2.4 - Submission of PlanA. The assessor shall submit their property valuation update plan to Municipal Affairs. The review will focus on whether the overall approach is reasonable and likely to achieve full and fair market values. When planning the triennial property valuation update, a major question to be answered is whether to perform the update "in house" utilizing 100% current staff or to hire outside professional appraisal assistance. The extent to which outside services are to be used should be fully explained.B. After the above points have been carefully analyzed, a key factor to be determined is the appropriation of adequate resources including money, personnel, timing, and supervision. At this juncture, the establishment of a realistic timetable is necessaryC. Upon completion of the property valuation update, it is essential to provide the public ample time and the necessary information to review their respective assessments, comment on them and if necessary to dispute them via an appropriate appeal process.D. A property valuation system should have the following minimum capabilities: 1. The ability to maintain the updated data in an automated system. 2. Capability to update these values when and if necessary.3. Ability to meet minimum standards for assessment administration280 R.I. Code R. 280-RICR-40-00-2.4