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Kenneth L Joyner, RES, AASUNC School of Government
September 16, 2010
Cost Approach: Carrying the Weight of Equity
Kenneth L Joyner, RES, AASUNC School of Government
September 16, 2010
One man’s tirade about how we lost the purpose of the appraisal
in the booming economy that was the 90’s and 00’s
Purpose of a Reappraisal
General Terms USPAP
Statutory Requirement
Bring values to market
Correct weaknesses in the previous reappraisal
Redistribute the tax base
Statutory Requirement
Bring values to market
Correct weaknesses in the previous reappraisal
Redistribute the tax base
Purpose of a Reappraisal
General Terms USPAP
Statutory Requirement
Bring values to market
Correct weaknesses in the previous reappraisal
Redistribute the tax base
Statutory Requirement
Bring values to market
Correct weaknesses in the previous reappraisal
Redistribute the tax base
Beginning our Journey Where do we start?
Beginning our Journey
Step 1
STEP 2
STEP 3
DISCLOSE SCOPE OF
WORK
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Continuing our Journey What is our next step?
Reappraisals in Today’s Market
Reappraisals in Today’s Market
Continuing our Journey What is our next step?
OUR GOAL
*Information comes from IAAO ODF 960
Neighborhood Realignment
Neighborhood Realignment
Neighborhood Realignment
Neighborhood Realignment
Advantages of Neighborhood Realignment
EQUITY
Ending our Journey Do we have to come back?
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