Brief Session Description
This workshop will demonstrate how market transactions can be used to model total depreciation (physical, economic, and function) on business properties, in place of traditional physical deterioration life tables. The presentation with walk through data challenges, assumptions and sales filters used in the model, time adjustments, property code groupings, locational groupings, non-linear regression, loess regression, and identify population data to be reviewed.
Presentation Category
Real Property Valuation Agricultural, Commercial/Industrial and Residential
Audience Expertise
General Interest (Appropriate for all experience levels.)
Location
207-208
Start Date
9-9-2019 2:45 PM
End Date
9-9-2019 3:45 PM
Moderator Name
Gail Dolbee
Apendium Knowledge Area
Appraising Property
Modeling Total Depreciation for Commercial/Industrial Properties
207-208
This workshop will demonstrate how market transactions can be used to model total depreciation (physical, economic, and function) on business properties, in place of traditional physical deterioration life tables. The presentation with walk through data challenges, assumptions and sales filters used in the model, time adjustments, property code groupings, locational groupings, non-linear regression, loess regression, and identify population data to be reviewed.
