![]() ![]() The land value is then added to the improvement value. This method estimates the value of the property by estimating the cost of construction based on replacement or reproduction cost new or trended historical cost. The four main steps are: (1) collecting and analyzing the property data, (2) selecting appropriate units of comparison, (3) making reasonable adjustments based on market data, (4) applying the data to the subject property.Ĭost Approach – This method seeks to determine the replacement cost new of an improvement less depreciation plus the land value. Sales Comparison/Market Approach – This method estimates the property’s value by reference to comparable sales. Answering these questions is purely voluntary. In the case of residential property visits, if an adult is home, the appraiser/data collector will want to ask some questions in an attempt to make sure our records are as accurate as possible. If the owner/occupant is not at the property at the time of the visit, a door hanger will be left indicating the visit. Collecting this information does not require access to the interior of the home or business. This appraiser/data collector does not set values and will only gather the necessary property information including exterior measurements, various coding, exterior photos, etc. ![]() If there is any question about the identity of the appraiser/data collector, do not hesitate to contact our office at 77. The appraiser/data collector will have a photo identification badge and will be driving an appropriately marked vehicle. The purpose of these site visits is to update the property record which enables our office to more accurately determine fair market values and/or make other determinations as required by law. Please be advised that the properties posted will receive a site visit by an appraiser/data collector within the next 30 days. Also if practicable shall first advise and/or shall not enter upon such property unless written or other reasonable notice has been provided to the occupant of the property regarding the purpose for which such person is entering upon such property. The person representing the board shall carry identification which is sufficiently prominent to permit the occupant to readily ascertain that such person is representative of the assessor’s office. In accordance with Georgia Law (OCGA 48-5-264.1) the chief appraiser, other members of the county property appraisal staff, and members of the county board of tax assessors may go upon property outside of buildings, posted or otherwise, in order to carry out the duty of making appraisals of the fair market value of taxable property in the county, other than property returned directly to the commissioner. ![]()
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