(a) The Director of Property Valuation and Review shall establish standard guidelines and procedures, and may adopt rules, for regional assessment districts, including:
(1) guidelines for contracting with third parties to conduct or assist with reappraisals, including standard reappraisal contract terms;
(2) standards for the collection and recordation of parcel data;
(3) requirements relating to information technology, including standards for data software contracts and computer-assisted mass appraisal systems; and
(4) standardized practices for a full reappraisal, including cases in which physical inspections are unnecessary and how technology is to be utilized.
(b) The Director of Property Valuation and Review shall establish a schedule for each regional assessment district to fully reappraise every six years. The Director, at the Director’s discretion, may alter the reappraisal schedule for a regional assessment district or for one or more of a regional assessment district’s member municipalities.