Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the...

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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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