A property assessment system primarily organizes resources for what three functions?

The correct answer identifies the core functions of a property assessment system in the context of property taxation and management. These functions—Discovering, Listing, and Valuing—are essential for effectively assessing property for tax purposes.

Discovering refers to the identification of properties within a jurisdiction. This involves gathering data on existing properties as well as any new developments. It is a foundational step that ensures all taxable properties are accounted for and helps in maintaining a comprehensive property database.

Listing involves the systematic recording of all discovered properties. This function includes compiling detailed information on each property, such as ownership, location, size, and property type. An accurate listing is crucial for ensuring that assessments are applied uniformly and fairly across all properties.

Valuing assesses the worth of each property based on market data, comparable sales, income potential, or cost approaches. This function directly influences the property tax rates that will be levied, making it a critical part of the assessment process.

Other options do not align with the primary functions of a property assessment system. For instance, acquiring, managing, and disposing relate more to property management rather than assessment processes. Building, selling, and leasing pertain to real estate transactions and development, which are not fundamental to the assessment itself. Lastly, inspections,