What does a Recertification of Value affect according to appraisal standards?

A Recertification of Value, according to appraisal standards, does not change the effective date of the original value opinion. When an appraiser conducts a recertification, they are primarily confirming that the value opinion provided in the original appraisal still holds true based on current circumstances or data. This process typically involves evaluating any changes in the property's condition, the market, or other relevant factors that could affect the value, but it does not result in a new effective date for the original appraisal value.

The effective date remains tied to the date of the original appraisal because the recertification is essentially an affirmation of that previous analysis and conclusion rather than an entirely new value assignment. This is critical for stakeholders relying on the appraisal for decision-making, ensuring that they have clarity on when the original valuation was determined.