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October 17, 2011 (Regular Meeting) Page 722 <br />01489 10166 111995 I WD I Q I V 1 7000 <br />Market sales represent the key to this appraisal system in that all the <br />analysis and adjustments made in the system interact in some way with the <br />market behavior of certain parcels. Each sale should have been thoroughly <br />screened and the status of the parcel (i.e. vacant or improved) at the time <br />of sale noted. <br />This section allows all relevant sales data to be assembled. <br />There are NO OPTIONAL FIELDS, all fields must be marked. <br />DEED BOOK - D -BK [ ] The Deed Book may be alpha or numeric. <br />DEED PAGE - D -PG [ ] Official records page may be alpha or numeric. <br />DEED DATE - Must be a valid month, day and year for date of sale and date <br />recorded. <br />DEED TYPE - IN [ ] (Not required). If there is no type financing, enter the <br />instrument types found in Chapter 2. <br />QUALIFIED <br />Q = Qualified (arm's length transaction) <br />A - X= Unqualified sale (not a valid market sale) use the disqualification <br />codes found in Chapter 2. <br />IMPROVED <br />V = Vacant. The sale was for an unimproved parcel at time of sale. <br />I = Improved. The sale was for an improved parcel at time of sale. <br />SALES PRICE - Record the sales price to the nearest dollar including all <br />commissions, etc. in this space. Do not use punctuation. <br />*The system ranks sales internally with the most recent qualified sale <br />appearing first with the remainder ranked in chronological order followed by <br />disqualified sales ranked in chronological order starting with the most <br />recent. Therefore, new sales data is entered and subsequently ranked in the <br />proper order by the System. <br />LAND LINE DATA <br />HIGHEST <br />OTHER ADJUSTMENTS <br />D <br />AND NOTES <br />TOTAL <br />ADJUSTED <br />BEST <br />USE <br />LOCAL <br />FRON <br />DEPTH <br />LND <br />COND <br />RF AC LC <br />ROAD <br />LAND UNIT <br />LAND <br />UNT <br />TOTAL <br />UNIT <br />LAND <br />LAND <br />USE <br />CODE <br />ZONING <br />TAGE <br />DEPTH/ <br />SIZE <br />OD <br />FACT <br />TO OT <br />TYPE <br />PRICE <br />UNITS <br />TYP <br />ADJST <br />PRICE <br />VALUE <br />NOTES <br />SFR <br />0100 <br />RV <br />100 <br />150 <br />1.0000 <br />0 <br />1.2500 <br />PS <br />20000.00000 <br />1.000 <br />LT <br />1.250 <br />25000. 000 <br />25000 <br />SZE <br />Completion of the land coding is not difficult. It does, however, present <br />more possibilities for combinations than do other sections of the form due to <br />the OTHER ADJUSTMENTS which may be free form coded for each land use. <br />USE CODE <br />A four digit numeric use code is always required. See chapter 11 for Use <br />Codes. <br />LOCAL ZONING <br />A six digit position field must be a valid entry for your county and is a <br />required field. See the specification sheet for your county for the proper <br />coding of this item. <br />FRONTAGE AND DEPTH <br />Frontage is defined as the number of feet of the land located on a street or <br />road. Frontage and depth are used to calculate value when used with land <br />models 01, 02 and 03. Frontage plays into the calculation of value when using <br />Land Model 04, 06 and 08. When pricing using Land Model 00 both Frontage and <br />Depth are normally entered as information. If lot dimensions are not known, <br />then these fields may be left blank when using Land Model 00. <br />DE /FA (Depth or Size Factor) <br />The factor for depth or size is calculated from computerized depth or size <br />tables. If no depth or size factor is used the system defaults to 1.00 for <br />this factor. <br />LAND MODEL <br />