A well organized sales confirmation program is the most vital element in the collection of accurate sales data for the appraisal of real property. Sales confirmation, which involves the discovery, collection, listing and confirmation of sales, is essential to the effective application of the three approaches to value.
Statute has provided the assessor with a resource tool for the sales confirmation process called the Real Property Transfer Declaration (TD-1000). The document is filed with the Clerk and Recorder along with the deed conveying the property. If the TD-1000 is not filed, statute allows the assessor to impose a penalty.