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CABARRUS COUNTY 2012 APPRAISAL MANUAL <br />Example (Cont.) <br />Land line prior to adjustment: <br />[0100] [LDR ] [100] [ 200] [1.000] [0] [ .90] [SIZE <br />Land line after adjustment: <br />][RP] [ 80000.00] [ 1.000] [LT] [ <br />[0100] [LDR ] [100] [ 200] [1.000] [0] [ .65] [PERK /SIZE ][RP] [ 80000.00] [ 1.000] [LT] [ -25 NCSS] <br />Adjustments for Lots Unsuitable for Septic when sewer is not available: (PERK) <br />No Suitable System Available -70% of the base lot value or 30% Condition <br />Found Unsuitable in the Past -20% of the base lot value or 80% Condition <br />(Alternative Systems Unknown) (Not to exceed $24,000) <br />The PERK factor should be netted against any existing condition factor. Once public sewer is <br />available this adjustment is to be removed. <br />Example: The lot has a base price of $80,000 and a 110% condition for size yielding a total land value of <br />$88,000 and it is determined that the lot is unsuitable for any type of septic system, the PERK adjustment <br />is -70% or 30% good, total adjustment for the parcel is 30% x 110% = 33% rounded to 35% PERK /SIZE. <br />Note the amount of PERK adjustment in the land line note field. <br />Land line prior to adjustment: <br />[0100] [LDR ] [100] [ 200] [1.000] [0] [1.10] [SIZE ][RP] [ 80000.00] [ 1.000] [LT] [ ] <br />Land line after adjustment: <br />[0100] [LDR ] [100] [ 200] [1.000] [0] [ .35] [PERK /SIZE ][RP] [ 80000.00] [ 1.000] [LT] [ -70 PERK] <br />Access: <br />Price based on typical access for the area and adjusts non - typical based on the area market or using Land Model <br />4 or 8 factors if area market information is not available. <br />LAND MODEL 01 — 03 - Front Foot Value Pricing <br />CALCULATION FOR VARIOUS LOT SHAPES <br />The following grouping of regular and irregular- shaped lots has been prepared to illustrate lot shapes most <br />frequently encountered and the method of computing their value when pricing by the front foot. <br />Note: The Land Model 2 chart for a standard lot depth of 150 - feet and a unit front foot value of $100.00 have <br />been used in all of the calculations. <br />Site suitability for a septic system when sewer is not available: <br />See Land Model 00 on the previous page. <br />Cabarrus County — 2012 Revaluation LAND APPRAISAL PROCEDURES 4- 7 <br />Attac1W9nn1imber 6 <br />G -3 Page 300 <br />