Real Property Current Market Value Estimate

ICR 201602-0960-011

OMB: 0960-0471

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2016-05-23
IC Document Collections
IC ID
Document
Title
Status
9358 Modified
ICR Details
0960-0471 201602-0960-011
Historical Active 201212-0960-008
SSA
Real Property Current Market Value Estimate
Revision of a currently approved collection   No
Regular
Approved without change 08/17/2016
Retrieve Notice of Action (NOA) 05/24/2016
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 08/31/2016
250 0 5,438
83 0 1,813
0 0 0

SSA considers an individual's resources when evaluating eligibility for SSI. The value of an individual's resources, including non-home real property, is one of the eligibility requirements for SSI. As part of initial applications and in post entitlement situations, SSA uses Form SSA-L2794 to obtain current market value estimates of the claimant's real property from individuals knowledgeable of real estate values. We allow respondents to use readily available records to complete the form, or we can accept their best estimates. The respondents are small business operators in real estate, State and local government employees tasked with assessing real property values, and other individuals knowledgeable about local real estate values.

US Code: 42 USC 1383 Name of Law: Procedure for Payment of Benefits
   US Code: 42 USC 1382 Name of Law: Eligibility for Benefits
  
None

Not associated with rulemaking

  81 FR 10699 03/01/2016
81 FR 31999 05/20/2016
No

1
IC Title Form No. Form Name
Real Property Current Market Value Estimate SSA-L2794 Real Prperty Current Market Value Estimate (revision)

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 250 5,438 0 -5,188 0 0
Annual Time Burden (Hours) 83 1,813 0 -1,730 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The burden change stems from a decrease in the usage of the form from 5,438 to 250 per year. The public availability of data related to tax assessment value and market value of real property on the internet, and from data consolidators, resulted in a decrease in the number of requests we have to make to knowledgeable sources, thus decreasing our need for this form.

$1,750
No
No
No
No
No
Uncollected
Faye Lipsky 410 965-8783 faye.lipsky@ssa.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
05/24/2016


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