Start Date
21-6-2023 11:00 AM
End Date
21-6-2023 1:15 PM
Description
Hotel markets must continually adapt to the challenges they face, and assessment practices must likewise continually evolve. Strong research, innovation, and valuation skills are required to make appropriate decisions, especially when they are tested in litigation. Many issues are prevalent beyond jurisdictional boundaries and it is productive to engage peer experts. This case study will focus on how MPAC worked with its assessment colleagues outside of its jurisdiction in Ontario to review its response to a unique valuation challenge. The presentation will provide lessons learned by answering: What was the challenge? What was our suggested response? Was the result credible? How did we validate our direction? Did we have company in our approach?
Recommended Citation
Jarjour, Roger and Spasojevic, Tamara, "Responding to Valuation Challenges and Finding Good Company" (2023). Mass Appraisal Valuation Symposium. 2.
https://researchexchange.iaao.org/mavs/mavs2023/session2/2
Responding to Valuation Challenges and Finding Good Company
Hotel markets must continually adapt to the challenges they face, and assessment practices must likewise continually evolve. Strong research, innovation, and valuation skills are required to make appropriate decisions, especially when they are tested in litigation. Many issues are prevalent beyond jurisdictional boundaries and it is productive to engage peer experts. This case study will focus on how MPAC worked with its assessment colleagues outside of its jurisdiction in Ontario to review its response to a unique valuation challenge. The presentation will provide lessons learned by answering: What was the challenge? What was our suggested response? Was the result credible? How did we validate our direction? Did we have company in our approach?
