Developing Effective Age Models: The Case of Harris County Appraisal District Residential Properties
Brief Session Description
Depreciation models are a function of age that reflects the condition of properties. Remodeling a property creates an effective age that differs from the actual age. However, similar to depreciation, estimating effective age has been very challenging. Using residential sales data, this presentation outlines a procedure to estimate Effective Age.
Presentation Category
Real Property Valuation Agricultural, Commercial/Industrial and Residential
Audience Expertise
General Interest (Appropriate for all experience levels.)
Start Date
9-26-2017 4:15 PM
End Date
9-26-2017 5:15 PM
Developing Effective Age Models: The Case of Harris County Appraisal District Residential Properties
Depreciation models are a function of age that reflects the condition of properties. Remodeling a property creates an effective age that differs from the actual age. However, similar to depreciation, estimating effective age has been very challenging. Using residential sales data, this presentation outlines a procedure to estimate Effective Age.
