Schedule

Subscribe to RSS Feed

2018
Monday, September 24th
1:30 PM

Wheels Off! Or On? Mobile Home Park Valuation Concepts

Marcus M. Moffitt RPA, MPA, Denton Central Appraisal District, TX

L 100 AB

1:30 PM - 2:30 PM

This session will reveal “real world” valuation and analysis methods for Mobile Home and RV Parks. Topics include: revenue stream identification, operating expense analysis, cap rates and multipliers and discussion about valuation of park-owned homes and the impact of various utility arrangements.

2:45 PM

Valuation Issues with Continuing Care Retirement Communities

Brian Johnson, Pima County, AZ

L 100 AB

2:45 PM - 3:45 PM

The valuation of not-for-profit, entrance fee Continuing Care Retirement Communities presents issues not typically accounted for when using the income and cost approaches. Economic obsolescence in the cost approach and the treatment of the entrance fee in the income approach can produce large disparities in a conclusion of value. This presentation will look at several methods to resolve these issues.

4:15 PM

Dealerships: Real Estate’s Most Misunderstood Property Type

Bradley R. Carter MAI, CRE, CCIM, CDEI, Auto Dealerships Tax Consultants
Kyle Pope MAI, Auto Dealerships Tax Consultants

L 100 AB

4:15 PM - 5:15 PM

Appraisal of auto dealership property is unique and differs in the valuation approach to other real estate. Given the unique nature of these special-purpose properties, it is not surprising that they are often valued improperly and at times up to half their market value.

Tuesday, September 25th
9:30 AM

Cap It Off! - Real World Cap Rate Development Methods

Marcus M. Moffitt RPA, MPA, Denton Central Appraisal District, TX

L 100 AB

9:30 AM - 10:30 AM

Learn capitalization rate development and defense techniques. Topics include: multipliers, band of investment, discount rates and market extraction methods. This session will also identify risk adjustments to consider when developing cap rates.

10:45 AM

Direct Sales Comparison Model for Residential Properties

Ashley Wu PhD, Property Valuation Services Corporation
Mark Farrow DULE, AACI, PApp, Property Valuation Services Corporation

L 100 AB

10:45 AM - 11:45 AM

Changing from a cost to a direct sales comparison methodology for a jurisdiction's residential properties requires a thoughtful and measured approach. In this session we will share our phased approach to managing a large valuation methodology transition and how the use of multiple regression analysis provided quick, accurate and comprehensive results using best practices.

2:00 PM

Replacement, Reproduction or Reconstruction Cost, Which One?

Edward L. Martinez IDECC, CoreLogic

L 100 AB

2:00 PM - 3:30 PM

This session will provide insight on how a structure can be valued using Replacement versus Reproduction costs and demonstrate how Reconstruction costs can be confused with Replacement and Reproduction costs. Come learn how these three estimates differ from one another and why the Assessor, Appraiser, Lender and Insurance companies will use the differing methods.

4:15 PM

California Market Value Models: Challenges and Solutions

Josh Myers MStat, Josh Myers Valuation Solutions
Christopher Gray, Riverside County, CA
Aron Villanueva, Riverside County, CA
William Pleake, Thomson Reuters

L 100 AB

4:15 PM - 5:15 PM

This session describes the development and implementation of market models in Riverside County, California. Central to this session are the statistical techniques used to optimize the performance of a comparable sales model, including the selection parameters, the adjustment parameters, and the weighting algorithm for the adjusted sale prices.

Wednesday, September 26th
10:00 AM

Geo Spatial Model Valuation: Moldova Case Study

Paul E. Bidanset PhD (Candidate), International Association of Assessing Officers
Daniel J. Fasteen PhD, Dakota County, MN

L 100 AB

10:00 AM - 11:30 AM

Using property transactions from the Republic of Moldova, this research will be the first to apply geographically, temporally, and characteristically weighted regression (GTCWR) to a market outside of the United States. A comparison of model performance will extend beyond typical regression diagnostics to IAAO standards measuring valuation fairness, equity, and uniformity. This research will aid in guidance and valuation policy prescriptions for transition economies. This presentation will include an audience discussion of the application of this methodology. This research was previously conducted for and presented at the 2018 World Bank Land and Poverty Conference in Washington, D.C.

1:00 PM

Land Use and Tax Policy: A Minneapolis Case Study

Joe Minicozzi AICP, MAUD, Urban3
Heather Worthington, Minneapolis, MN
Joshua McCarty, Urban3

L 100 AB

1:00 PM - 2:30 PM

This session will use the City of Minneapolis as a case study to explore land-use patterns that are shaped by policy and how those affect value. It will also highlight new analytic approaches to the CAMA model as well as question the current practices that may be subsidizing sprawl and bankrupting our municipal governments. Representatives from the City of Minneapolis will share their study of land use economic data and how that study will inform policy shifts in the future.

2:45 PM

Misfortune or Calamity: California Property Reassessment

Manuel N. Gallegos, Los Angeles County, CA

L 100 AB

2:45 PM - 3:45 PM

Using the recent California wildfires as an example, this session will describe and demonstrate the property reassessment process used by assessors when real property is damaged or destroyed in a disaster. This misfortune or calamity reassessment provides tax relief to assist a property owner facing the effects from a disaster.