Brief Session Description
In smaller, rural counties the cost approach is relied upon heavily to value commercial properties, however, it can be difficult to estimate depreciation when very few sales exist. Two bordering counties in Kansas made the decision to pool their resources and conduct a regional depreciation analysis using local and statewide sales to completely reconfigure their depreciation tables and take a whole new look at the process.
Presentation Category
Real Property Valuation Agricultural, Commercial/Industrial and Residential
Audience Expertise
Intermediate (Ideal for the participant with a general knowledge within the areas covered.)
Location
207-208
Start Date
9-10-2019 1:30 PM
End Date
9-10-2019 2:30 PM
Moderator Name
Barbara Esfeld
Apendium Knowledge Area
Appraising Property
Using Regional Analysis to Better Estimate Depreciation
207-208
In smaller, rural counties the cost approach is relied upon heavily to value commercial properties, however, it can be difficult to estimate depreciation when very few sales exist. Two bordering counties in Kansas made the decision to pool their resources and conduct a regional depreciation analysis using local and statewide sales to completely reconfigure their depreciation tables and take a whole new look at the process.
