September 2013
Dear Assessing Professional,
The Department of Local
Government Finance (DLGF) will hold the Third and Fourth Quarter 2013
continuing education courses from September 30th through December 11th at five
locations.
The Income Approach to
Valuation II
IN Course Number: IN 321
7.5-hours of continuing
education credit
This course will look at the
numerous techniques that are used to develop capitalization rates. The
techniques are separated into two general categories: direct capitalization,
which is presented as a brief review for purposes of comparing and contrasting
to yield capitalization, and yield capitalization, which addresses issues with
which investors are concerned that are not treated in direct capitalization.
Students will have an opportunity to calculate numerous capitalization
problems. Although it is not mandatory, it is recommended that students
complete “The Income Approach to Valuation I” or have significant experience
with the income approach prior to attending “The Income Approach to Valuation II.”
Personal & Real Property
Tax Abatements
IN Course Number: IN 469
7.5-hours of continuing
education credit
This course will provide
students with an overview of the process for determining both real and personal
property tax abatements. The rules and statutes that govern abatements will be
discussed and abatement problems will be examined. Students will have the
opportunity to work various exercises involving abatements of both real and
personal property.
The Sales Comparison
Approach to Market Value
IN Course Number: IN 110
7.5-hours of continuing
education credit
Students will understand the
underlying concepts that pertain to determining the value of real estate using
market-extracted data. Key areas of study include: the mechanics of markets, the
foundational economic principles that drive purchasing habits and value, the
concept of neighborhoods, and the factors that influence value and determine
comparability, as well as, the computational aspects of the sales comparison
approach.
Condominiums
IN Course
Number: IN 122
7.5-hours
of continuing education credit
This course
will provide students with the necessary information for developing accurate
and defendable assessments for residential condominiums. Students will discuss
various valuation techniques concerning the mass appraisal of condominiums and
will work problems relating to land valuation, common elements, and unit value.
In addition, the course distinguishes concepts and trends for additional,
specialty forms of housing such as those found in Planned Unit Developments,
row houses, and town homes.
Each class
is seven and a half hours long, including one hour for lunch. Check-in is
between 8:00 a.m. and 8:30 a.m. local time, and classes run from 8:30 a.m. to 4
p.m.
