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Market Modeling – 2024 KCAA
Presented at the 2024 KCAA Conference, this presentation addresses many of the items related to the market modeling steps one could consider when developing a mass appraisal model. Items discussed include market condition adjustment calculations and applications, model variable considerations,...
You’re Never Too Small – The Income Approach in Small Jurisdictions
Description In small jurisdictions the Income Approach to value can be difficult to implement. Income and expense information can be hard to obtain, cap rates are often difficult to determine, making model building and calibration a real challenge. So much...
Economic Life: Why We Need to Stop Ignoring Economic Life as Part of the Depreciation Equation
The buildings in Kansas are getting older. This is by no means a ground-breaking revelation. But what are we doing to account for these aging buildings? Most jurisdictions rely on the Cost Approach for a large majority of their commercial...