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

Appendium Knowledge Area

Appraising Property

Share

COinS
 
Sep 9th, 2:45 PM Sep 9th, 3:45 PM

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.