Webinar Archive

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  Animating Your Vision: Successful Cultural Change

  Bob Henriquez and Nereia Cormier

  Changing the culture of an office can be one of the most challenging tasks an organization will ever face. This presentation will guide participants through a new administration's first year in office and demonstrate how it brought its vision to life through a comprehensive strategic planning process, employee morale initiatives, and technological innovations.

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  Taxation of Minerals and Mineral Interests

  Calvin A. Kent

  This webinar will discuss the legal issue of property taxation as applied to mineral interests, particularly those severed from surface interests, and how these affect the assessment process. A review of various approaches to the taxation of mineral interests in primary mineral-producing states will be considered. Investigation results will be shared on whether mineral taxes conform to the principles of a "good" tax. Suggestions will be provided on ways to improve assessment practices for mineral interests.

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  Regional Mall Valuations...Marketplace Solutions

  Peter F. Korpacz

  The valuation of regional malls is a continuing exercise that presents a number of unique issues. Mall classification methodology is very important within the mall part of the retail industry, but is not yet fully understood and embraced by appraisers. Fee simple and leased fee property interest controversies have needlessly complicated cap rate derivation and other valuation methodology and techniques. Lack of understanding of how malls operate and how investors view their positive and negative performance issues often results in methodology mistakes. This presentation will look to the marketplace to resolve these items and various other issues arising under all three traditional approaches to value.

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  International Trends in Property Tax

  Paul Sanderson

  In this webinar, Paul Sanderson will look at the key issues concerning property taxes around the world and comment on how different countries are addressing them. In particular, he will be looking at the "popularity" of property taxes, the burden of property taxes in different countries, the frequency of revaluations around the world, the different valuation bases used, current valuation issues, the volume of appeals and how they are dealt with in various jurisdictions.

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  MRA In Practice

  Russ Thimgan

  In Lee County, Florida an MRA model was introduced for residential properties as a method to evaluate and transform data, streamline the valuation process and generate more accurate and defendable values. This webinar explores and discusses thoughts, methods and results of the MRA implementation journey.

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  In-House Counsel and The Appraisal Team

  Leisa S. Weintraub

  This webinar covers an intoduction and information from the Tulsa County Assessor's Office while disucussing strategies and general appraisal information.

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  When You Share the Time, You Share the Tax Burden

  David Boisvert

  This webinar will explore the three valuation methods as applied to Timeshare Properties. We will compare the general results when applying these methodologies. Finally, we will look at the Arizona Revised Statutes which have defined valuation methodology for timeshares. A few other take a ways from the webinar which effect the valuation are the Principle of Supply and Demand, location, amenities and rent ability.

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  What's Normal About Income and Expense Data? Webinar

  August Dettbarn and Brad A. Eldridge

  This session will review ways to obtain comparable income and expense data, as well as solutions to reconstruct and analyze the data. Discussions will address various lease bases for retail, office, industrial and multifamily properties.

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  Cap Rates and Valuation Metrics from REITS Webinar

  Gary S. DeWeese

  Participants in this program will learn how to value private real estate for assessment appeal purposes when there is a lack of private market transactions. This session will discuss valuation metrics derived from publicly traded REIT stocks to value private real estate.

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  Rental Data Analysis: Data Cleaning Webinar

  Vasily Kim

  Large volumes of rental data collected annually are cleaned and prepared for statistical testing by municipal assessors. The session will highlight a methodology utilized by the City of Edmonton, Alberta to save time when working with massive amounts of rental information.

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  State of the U.S. Real Estate Market - Midyear Update

  Peter Korpacz

  State of the U.S. Real Estate Market • Midyear UpdateThe pace of the U.S. economic recovery from the last recession continues to improve with consistent job and retail sales growth. Despite lackluster GDP growth, concerns about the quantity of job growth and uneven housing growth, most economists forecast continued positive economic growth. By mid-September when the webinar will be presented, the near-term course of economic growth should be clearer. A big “fly in the ointment” will be the upcoming midterm elections in November. That outcome will likely have consequences for the economy, which may be somewhat evident by mid-September. Mr. Korpacz will summarize economic conditions and their impacts, both recent and forecast, on real estate space and transaction markets for various markets and property type.

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  The Elusive Overall Cap Rate

  Peter Korpacz

  A good deal of the market price calculation is driven by the buyer's cap rate hurdle, which requires much greater analysis than the seller's basic requirement to get the best price. The buyer's process of developing an acceptable/required cap rate involves the consideration of many property, real estate leasing, and transaction market facts and trends. This webinar, presented by Mr. Korpacz who has spent most of his career at the forefront of cap rate analysis and education, will take a detailed look at the drivers of overall capitalization rates and the best sources for defendable, cap rates.

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  Avoiding Hazards: Challenges of Golf Course & Club Valuation

  Douglas F. Main and Marty Benson

  The Society of Golf Appraisers (SGA) will present an overview of the valuation of public and private golf courses and clubs. The results of the SGA’s annual 2014 “Golf Lender & Investor Survey” will be presented, discussed and made available to all attendees.

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  Cap Rates: Rates, Returns, Risks, & Rewards

  Mark T. Menney

  This presentation will provide techniques regarding capitalization rate development, including the simple band of investment, mortgage-equity analysis and market derivation techniques. Market sources, proper calculations, and relationships between equity rates and cap rates will be explored.

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  What You Don't Know Can Hurt You: Online Branding

  Tina Morton and Tiffany Seward

  Have you ever searched for your office name online? If you did, were you satisfied with the results? Taking control of your online brand presents a strategy to discover and correct errors, and to monitor consumer mobile applications that impact perception of the assessment office. This session examines how and what customers find when they search online for information about the assessment office and demonstrates how to leverage mobile communication services for the purpose of establishing and protecting the assessment office brand. For example, someone may only want to know the location or office hours. Without the exact web address, a customer typically uses keywords which may or may not produce accurate information. Finding and correcting online errors adds to the consistent, positive "image" or "branding" we seek to project of the assessment office. Online branding happens with or without the conscious effort of the assessment office administrator. As more consumers shop, play and interact with government online, it's no surprise to find the assessment office listed among mobile communications services such as Yelp, Foursquare and Google+. Branding involves becoming familiar with the opportunities available through these services and staking your claim in order to take control of your own image.

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  Evaluating the Cost of Litigation

  Ken Nolan and Melinda Blackwell

  Evaluating the Costs of Litigation Webinar This webinar discusses the cost of litigation both from a purely financial perspective as well as the "cost" of allowing opposing counsel to learn your litigation strategy and insights. Litigation is expensive. Costs include not only paying for counsel, but for a report from an appraiser, deposition and testimony fees, deposition transcripts, along with the potential exposure to reimbursing the other side their legal fees and costs. Careful consideration of these types of costs should be part of any decision whether to proceed to trial. In addition to these purely financial costs, there is also a risk in utilizing a taxing entity's in-house employee to testify as an expert witness. The in-house employee must be qualified to testify. If not, a serious risk exists that you may not have a testifying expert available, which can seriously impair your negotiating position. Another risk includes allowing opposing counsel the opportunity to gain insight into your overall settlement or litigation strategy when deposing an in-house expert. Is the potential cost-savings associated with utilizing a qualified in-house expert worth the attendant risks?

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  Income and Expense Data Leading To Annual Assessments

  Timothy A. Sheares and Thomas Frey

  This session will provide information about the Real Property Income and Expense (RPIE) program in New York City. The presentation will introduce the results of data gathering by presenting guidelines for valuation including income, expenses and trends.

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  Demystifying Commercial Property Appraisal Terminology

  Jim Todora

  Demystifying Commercial Property Appraisal Terminology WebinarThis is an introductory program designed for those new to appraisal or those with an interest in commercial property valuation. It focuses on vocabulary commonly found in the appraisal of commercial property. Technical definitions, cited from reliable reference sources, are supplemented by independent elaborations using non-technical easy to understand language. Practical examples demonstrate their use in the appraisal process, with emphasis on the income approach to value. A few terms taken from the general areas of statistics and finance provide insightful uses for comparing and gauging market data. Graphics, including photographs and charts serve as visual aids. This webinar provides a preliminary point for future education of commercial property valuation.

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  Hotel Casino Valuation

  Mary Ann Weidner

  With the expansion of legalized casino-style gambling over the past decade, more jurisdictions are faced with the challenges of valuing these types of properties for tax purposes. This webinar will provide an overview of the valuation of Hotel Casinos from the perspective of Clark County, Nevada. Though each jurisdiction may have unique market influences different from Las Vegas, this webinar is designed to provide a framework for getting started in Hotel Casino valuation. This includes tracking and analyzing departmental revenue and expenses; reviewing and analyzing historical market transactions; and deriving revenues, expenses and cap rates necessary to make a valuation determination. Practical examples will be provided for review along with charts showing statistical analysis on historic data.

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  Zen and the Art of Hotel Valuation

  Tim C. Wilmath

  Hotel and resort properties present some of the most difficult valuation challenges for assessors and appraisers. This presentation addresses why some hotels succeed and others fail. Topics include the impact of renovation, how changing markets can affect a hotel's value, and a fresh look at the issue of business/intangible value.

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  Ask the Valuation Experts Webinar

  Tim C. Wilmath, William D. Shepherd, Richard Marchitelli, Raymond T. Cirz, and Peter F. Korpacz

  A panel of experts in valuation issues will present an open forum for attendees regarding the relevant valuation topics routinely encountered in assessment litigation. The session is designed to be interactive.

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  Valuation of Hospitals and Surgical Centers

  Colleen Blumenthal

  This webinar considers the market value estimation process (with emphasis on the income approach), current market trends in hospital- and surgical center-space, contribution of real estate as allocated from the total value, and how to look at functional obsolescence in facilities that are failing to perform. A review of market trends for this specialty niche will be presented so attendees understand how best to determine presence of absence of obsolescence and how market trends can render an otherwise good physical asset to one of little value.

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  Preparing for the PPS Case Study Exam

  Kirk F. Boone PPS

  This 2013 webinar prepares viewers for the case study exam portion of the Personal Property Specialist (PPS) designation. Example exam questions are demonstrated.

  This resource refers to the designation requirements and exam in place at the time of its publication and has not been altered to reflect any potential subsequent changes.

  Note: The first 10 minutes and 30 seconds of the video are acknowledgements and introductions not substantive to preparing for the PPS Case Study Exam.

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  Obsolescence Impacting Personal Property: Considerations in the Current Economy

  Arline Broome and Todd Barron

  The audience participates in a thorough discussion of functional and external obsolescence issues impacting personal property. The material will cover the basic concepts of obsolescence and corresponding calculations, but will also include several advanced case studies. When valuing personal property it is critical to account for all forms of obsolescence. Unfortunately, valuation tables applied in a mass appraisal setting for property tax purposes do not necessarily capture all forms of obsolescence. Given the current economic conditions, the assets of many businesses suffer from obsolescence and, therefore, many taxpayers may be seeking and deserve a value adjustment. This session will help attendees understand the issues and how to calculate obsolescence to ensure accurate assessments.

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  Subsidized Housing Valuation

  Brad Eldridge and Kevin Bradshaw

  Subsidized housing continues to be a challenge for appraisers and assessment offices. Opinions on appropriate valuation methodology vary among real estate professionals as much as the government programs available to developers. This two-hour webinar will provide a brief overview on the different types of subsidized housing programs and how they work.