Local Government Budget, Finance, and Taxation

Appraisal of Land (IAAO 201)

Course 201 covers the theory and techniques of appraising land. Topics include classifying land; estimating highest and best use; discovering significant trends and factors and their effects on value; data collection; and selection of correct physical units of land measurement for appraisal. The five land appraisal methods (sales comparison, allocation, anticipated use, capitalization of ground rent, and land residual capitalization) are studied in depth.

Attendees

Tax Appraisers and Assessors

Duration

5 days

Course Materials

Property Assessment Valuation, 2nd edition, 1996

An introductory textbook that supports courses 101, 102, 500, 600, and 201. This book provides the best treatment of the basic principles of appraisal and has many examples of single-property appraisal. It also contains substantial chapters on personal property valuation, mapping, and a basic survey of mass appraisal and statistics for mass appraisal.

Prerequisites

Recommended: IAAO Course 101 Fundamentals of Real Property Appraisal and IAAO Course 102  Income Approach to Valuation

Credit

30 hours of CE credit

Meets NC Department of Revenue continuing education requirements for property tax assessors and appraisers

Faculty
Coordinator

Ken Joyner, School of Government

Scholarships

Local Government Federal Credit Union Scholarship

Cancellation
Policy

Course participants who cancel their registration on or before November 16, 2009, will receive a full refund. Those who cancel on or before November 23, 2009, will receive a full refund, less a $50 cancellation fee. No refund will be made for cancellations made after November 23, 2009. All cancellations must be submitted in writing, as outlined in the School's cancellation policy.