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- Title
Quantifying Adjustments Using The Direct Market Method.
- Authors
Burggraaf, D. Kevin
- Abstract
To understand the Direct Market Method approach, it is necessary to study the relationships of variables that influence the fair market value of parcels that have recently sold and then use the results of the study to quantify changes in the assessed value of those parcels that have not sold. Preliminarily, the variables include market condition, location, size, age, condition of the property, and percent finish. The statistical analysis should provide a basis for formulating specific adjustments for each variable of each parcel. The scope of this research project includes gathering and verifying data from participants in the commercial real estate market and from the data files of the Polk County Assessor's Office, the Polk County Recorder's Office, and the Polk County Auditor's Office. It is anticipated that the procedures used and the resulting analysis of this research project will serve as a prototype that will provide a basis for achieving equitability.
- Subjects
POLK County (Iowa); IOWA; VALUATION of real property; REAL property sales &; prices; REAL estate business; MARKET value
- Publication
Journal of Property Tax Assessment & Administration, 2004, Vol 1, Issue 3, p21
- ISSN
1357-1419
- Publication type
Article