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CABARRUS COUNTY 2012 APPRAISAL MANUAL RV - Residual Value Use with the percent condition to indicate a percent of remaining utility as of January 1 of the tax year, overrides all other depreciation. Usually used on structures which still exist but have very little remaining useful value. PERCENT CONDITION - The percent adjustment to be applied to the improvement based on the definition above. NOTE: To use the Percent Condition, one of the Special Condition Codes must be used. Also, care must be taken in the use of these codes, as UC, PD, TE and RV will override the depreciation developed from the normal depreciation, economic obsolescence and functional obsolescence, AP will add to the other forms of depreciation. MARKET /DESIGN FACTOR The Market /Design Factor may be used in two ways: 1) We primarily use it as a market factor in fairly homogenous neighborhoods to work as a supplement to the quality adjustment when the market indicates that more of less value is needed to bring the subject neighborhood to market value. 2) As a design factor in less homogenous neighborhoods, such as rural areas, to describe design qualities that seem to enhance the value of a particular property such as the number of turns in the roof and perimeter of the buildings. The appraiser will determine through analysis of the market which method will be used for each neighborhood. EXTREMELY IRREGULAR - Describes the most irregular buildings. These buildings have many turns in the roof and perimeter wall. Many of these turns are at angles that are not 90 degree angles. IRREGULAR - Buildings which have an irregular appearance (many contemporary homes). These have 4 or more major breaks or turns in the roof line or perimeter wall. MODERATELY IRREGULAR - T shaped houses or a house with 3 - 4 major breaks or turns in the roof line or perimeter wall. RECTANGULAR DESIGN - 4 cornered house; shaped like a rectangle. SLIGHTLY IRREGULAR - L shaped house or a house with 1 - 2 major breaks or turns in the roof line or perimeter wall. SQUARE DESIGN - 4- cornered house; shaped like a square. VERY IRREGULAR - Round, multi- sided, H- shaped, or a house with many major breaks or turns in the roof line and perimeter wall. Some of these turns may not be 90 degree angles. BATHS OR RESTROOMS NUMBER OF BATHROOMS - The total number of bathrooms in the building. A full bath consists of a bath or shower, bowl and basin. A half bath is any lesser combination having a bowl and one other feature. NUMBER OF FIXTURES - Models 04, 05, 06, and 07 require that the total number of bathroom fixtures for the entire building be entered other fixtures such as kitchen fixtures are considered in the Improvement Type's base rate. Unusual numbers or combinations of other fixtures should be considered as a component of the quality of construction. MISCELLANEOUS NUMBER OF BEDROOMS - Check the appropriate number of bedrooms for single family homes, this should include all rooms that were designed for use as bedrooms regardless of how they are currently used. Cabarrus County — 2012 Revaluation APPENDIX 12-49 8/9/11 Attachment number 15 G -3 Page 547