BC 2011 10 17 Regular Meeting - Laserfiche WebLink

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October 17, 2011 (Regular Meeting) Pa ge 72 3 The land model table must be 0 -8. Depth must be 10' or greater and land type to be "FF" if you use depth table 1 -3. Land Models 4 -8 work only when the land unit type is "AC ". The field must not be left blank, if depth table is not used, zero fill. CONDITION FACTOR This factor must be entered and is a decimal fraction of the form 1.25 with a decimal between the first and second digit. The condition factor times the depth /size factor times the unit price will give the total adjusted unit price. This calculation is done internally by the system and is not shown on the collection instrument. It is then applied to the number of units to determine land value which is shown on the final appraisal card. OTHER ADJUSTMENTS AND NOTES This area is handled in one of two ways depending on the land model and the coding present. Refer to the specification sheet for your county to properly enter adjustments. When Land Model 4, 6, or 8 is used a plus or minus percent is written in for RF (road frontage), AC (access), LC (location), TO (topography) , SH (shape) and RT (type road). Additional notes may be added in the Additional Notes Field. LAND UNIT PRICE Required unless the county specification sheet indicates otherwise. However, when using land model codes 5, this field may be left blank. When assigning a value the normal convention of dollars and cents positioning is used. This is the UNADJUSTED UNIT PRICE against which all conditions, etc., are applied. When using land use code 9010, this field must be zero filled. NUMBER OF UNITS This entry is always required and is the basis upon which value is extended such as the total number of acres, square footage, front feet, lots or units. The field has three positions to the right of the decimal point for fractional units. UNIT TYPE The appropriate unit type must always be entered with unit price as calculation of the unit price is based upon unit type. The appropriate codes for unit type are: AC (acres) , LT (lot) , FF (front feet), SF (square feet) or UT (unit). LAND NOTES Used for additional information pertaining to the Land Line. OTHER BUILDINGS /EXTRA FEATURES (OB /XF) CODE GRADE DESCRIPTION LENGTH I WIDTH UNITS UNIT I PRICE I ORIG % COND III AYB I EYB %DEP OVR I Over Value 02 C GARAGE 28 40 1,120 25.00 100 1999 1 09 B ASP PAVING 0 0 2.00 100 2000 2000 1 Inclusive of the many special improvements and extra features due to the nature of the materials used or their construction would be most difficult in a static valuation model. These are handled in a separate calculation which calculates the value based on the number of units, the percent condition and a unit price taken from the cost tables in chapter 11. The use of this portion of the form to record significant items increases the utility of the models to cover more variation than would otherwise be possible. One word of caution in the use of this item, DO NOT PICK UP TRIVIA. If an item costs $150 new and is three years old and is on a $140,000 home, when new it would represent only .0037 percent of the value of the parcel; therefore, it is a waste of time to record such items. It is better to spend your time accurately determining the data elements called for in the system. Conversely, such items as boat houses, docks, pools, garages and other items of major value must be recorded to properly value the parcel. Be sure you have a clear idea of what is to be recorded in your county and what is not before beginning with this item. Examples of items commonly handled in this manner include: OTHER BUILDINGS: Carports Sheds Horse Stables Garages Utility Buildings Poultry Houses Barns Farm Buildings Hot Houses