Journal of Property Tax Assessment & Administration


To understand the Direct Market Method approach, it is necessary to study the relationships of variables that influence the fair market value of parcels that have recently sold and then use the results of the study to quantify changes in the assessed value of those parcels that have not sold. The scope of this research project includes gathering and verifying data from participants in the commercial real estate market and from the data files of the Polk County Assessor's Office, the Polk County Recorder's Office and the Polk County Auditor's Office. It is anticipated that the procedures use and the resulting analysis of this research will serve as a prototype that will provide a basis for achieving equitability.

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Valuation of commercial property, Comparable sales adjustments, Market approach to value