IAAO 500: Assessment of Personal Property

The Assessment of Personal Property is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to assess personal property. This course concentrates on the skills necessary for listing, appraising and assessing the market value of properties using the three approaches to value: the cost approach, the income approach and the sales comparison approach. The Assessment of Personal Property utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course. The ten sections of the course present a broad mixture of theory and practical application. Exercises are included so the student can test and reinforce new skills. Time is allotted for questions and answers throughout the course. Students are encouraged to participate actively. 

This course provides a comprehensive program of study for those who assess personal property for ad valorem tax purposes. The following topic areas will be covered during this week-long course:

1. Introduction; Course Outline & Objectives
2. Characteristics of the Property Tax
3. Nature of Personal Property
4. Assessment of Personal Property
5. Appraisal of Personal Property
6. Advanced Appraisal Concepts
7. Valuation Guidelines & Quality Control
8. Special Use Properties
9. Using Technology in Personal Property Assessment
10. IAAO Standard on Valuation of Personal Property

Questions about the curriculum should be directed to UNC School of Government faculty lead, Kirk Boone, at (919)962.7434. IAAO courses are offered by the Property Tax Education Partnership, a collaboration between the UNC School of Government and the NC Department of Revenue. Please refer to the PTEP Education Calendar for course information.

Local Government Federal Credit Union offers scholarships to local government employees to apply toward tuition for conferences, classes, and seminars offered by the School of Government. There are four deadlines to submit applications:

  • March 1 (for courses starting between April 1 and June 30)
  • June 1 (for courses starting between July 1 and September 30)
  • September 1 (for courses starting between October 1 and December 31)
  • December 1 (for courses starting between January 1 and March 31)
There currently are no scheduled offerings of this course.
There are no materials avaliable for this course at this time.
For all registration questions, resetting passwords, or login issues please contact:

Dale Zuckert

Assistant Registrar
For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

Rachel Mintel

Program Associate, Local and State Government Group
Teaching Assistant Professor in Public Finance and Government