Wednesday, December 26, 2012

DLGF Posts Schedule of 2013 IAAO Courses


MEMORANDUM

TO: All County & Township Assessors, County Auditors, PTABOA Members and Vendors
COUNTY ASSESSORS: Please forward a copy of the Memo to your PTABOA Members.

FROM: Barry Wood, Assessment Division Director

DATE: December 26, 2012

SUBJECT: 2013 Indiana Chapter IAAO Courses

The Department of Local Government Finance (Department) in conjunction with the Indiana Chapter of the International Association of Assessing Officers (IAAO) will sponsor IAAO courses as a continuing education opportunity.
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IAAO COURSE AND WORKSHOP DESCRIPTIONS

Course 101 - Fundamentals of Real Property Appraisal
30 hours Department CE credits
The Fundamentals of Real Property Appraisal is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant and improved properties. This course concentrates on the skills necessary for estimating the market value of properties using two approaches to value: the cost approach and the sales comparison approach. The Fundamentals of Real Property Appraisal utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course.
Recommended: Property Assessment Valuation (PAV) textbook, 3rd Edition

Course 102 - Income Approach to Valuation
30 hours Department CE credits
The Income Approach to Valuation is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant or improved properties by the income approach. The material covers real estate finance and investment, capitalization methods and techniques, analysis of income and expenses to estimate operating income, selection of capitalization rates, and application of the approach. The Income Approach to Valuation utilizes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught in the course.
Recommended: Course 101, Property Assessment Valuation (PAV) textbook, 3rd Edition

Course 201 - Appraisal of Land
30 hours Department CE credits
Appraisal of Land is designed to provide the students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of land. This course concentrates on the skills necessary for estimating land value primarily using the sales comparison approach.
Recommended: Course 101, Course 102, Property Assessment Valuation (PAV) Textbook (2nd edition)

Course 300 - Fundamentals of Mass Appraisal
30 hours Department CE credits
This course provides an introduction to mass appraisal and is a prerequisite for the 300 series of courses offered by the IAAO. Topics covered include single-property appraisal versus mass appraisal, components of a mass appraisal system, data requirements and analysis, introduction to statistics, use of assessment ratio studies in mass appraisal, modeling of the three approaches to value, and selection of a mass appraisal system.
Recommended: Course 101, 102, Fundamentals of Mass Appraisal, 1st Edition

Course 400 - Assessment Administration
30 hours Department CE credits
Course 400 provides fundamental management concepts for management and supervisory personnel in the assessor’s office. The course begins by emphasizing the need for management, and the various roles placed on the assessor and all supervisory personnel. The course then introduces the four major management functions (planning, organizing, directing, and controlling). Although the four functions are interrelated, a separate chapter is devoted to each one. This provides for a greater understanding of the major functions.
Recommended: Course 101, The Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice (USPAP) and Assessment Administration textbook.

Workshop 151 – USPAP (Uniform Standards of Professional Appraisal Practice) (National)
15 hours Department CE credits
This workshop covers materials from The Appraisal Foundation, Uniform Standards of Professional Appraisal Practice which includes: Definitions, Preamble, Ethics Rule, Competency Rule, Departure Rule, Jurisdictional Exception Rule, Supplemental Standards Rule, and Standards 1 through 10. Supplementary materials include The Appraisal Foundation Uniform Standards of Professional Appraisal Practice (USPAP). This workshop includes an exam on the third day.

Publications
The following publications are not necessarily required for the courses, but can be used in conjunction with the class materials when studying for the course exams. If you would like to purchase one of these publications, please contact Ginny Whipple at 812-593-5308 or emailginny@gnaassessmentprofessionals.com at least three weeks prior to the course to ensure delivery of the textbooks to the class site. Make your check to ICIAAO and mail it to Ginny at 1803 S CR 550 W, Greensburg, IN 47240.

Assessment Administration (soft cover text)
$40
Fundamentals of Mass Appraisal (1st edition)
$50
Property Assessment Valuation (2nd edition, copyright 1996)
$25
Property Assessment Valuation (3rd Edition, copyright 2010)
$50

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Workshop 151: USPAP
February 5 – 7, 2013
Evansville
Course 201: Appraisal of Land
March 4 – 8, 2013
Indianapolis
Course 101: Fund. of Real Property Appraisal
April 1 – 5, 2013
Valparaiso
Course 300: Fundamentals of Mass Appraisal
April 8 - 12 , 2013
Huntington
Course 400: Assessment Administration
May 13 - 17, 2013
Indianapolis
Workshop 151: USPAP
June 4 – 6, 2013
Indianapolis
Course 102: Income Approach to Valuation
June 10 – 14, 2013
Valparaiso
Course 102: Income Approach to Valuation
July 15 – 19, 2013
Evansville
Course 400: Assessment Administration
August 5 – 9, 2013
Huntington
Course 300: Fundamentals of Mass Appraisal
Sept. 16 – 20, 2013
Indianapolis
Course 101: Fund. of Real Property Appraisal
Sept. 23 – 27, 2013
Indianapolis
Workshop 151: USPAP
Oct. 8 – 10, 2013
Huntington
Course 300: Fundamentals of Mass Appraisal
Oct. 28 - Nov 1, 2013
Evansville
Course 102: Income Approach to Valuation
Dec. 2 – 6, 2013
Indianapolis