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

Appendium Knowledge Area

Appraising Property

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Sep 10th, 1:30 PM Sep 10th, 2:30 PM

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.