Course: PAD212 First Term: 2018 Fall
Final Term: Current
Final Term: 2018 Fall
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Lec + Lab 2 Credit(s) 3 Period(s) 3 Load
Credit(s) Period(s)
Load
Subject Type: OccupationalLoad Formula: T Lab Load |
MCCCD Official Course Competencies | |||
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1. Explain factors influencing value. (I)
2. Differentiate between value in use and value in exchange. (I) 3. Define the major aspects of market value. (I) 4. Explain steps in the assessment process. (II) 5. Identify forces affecting value. (II) 6. Summarize the Highest and Best Use concept. (II) 7. Explain the rights and limitations associated with real property ownership. (III) 8. Differentiate between various estates in property. (III) 9. Summarize the concept of Centrally Valued Properties. (IV) 10. Explain legal classes of property. (IV) 11. Compare and contrast various approaches to value. (V) 12. Differentiate between replacement cost and reproduction cost. (VI) 13. Identify the elements of cost. (VI) 14. Complete cost analysis measurements and calculations. (VI) 15. Complete data collection forms. (VI) | |||
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements. | |||
MCCCD Official Course Outline | |||
I. The Nature of Value
A. Definition B. Influencing Factors 1. Utility 2. Scarcity 3. Effective Purchasing Power 4. Desire C. Types of Value 1. Insurable 2. Investment 3. Salvage 4. Scrap 5. Liquidation 6. Going-Concern 7. Assessed D. Value in Use E. Value in Exchange F. Market Value 1. Definition 2. Use II. Assessor and Appraiser Functions A. The Assessment Process 1. Discovery of Property 2. Property Identification 3. Situs 4. Property Classification 5. Data Collection and Analysis 6. Property Valuation 7. Notification Program 8. Appeal Procedures 9. Preparation and Certification of Roll B. Additional Responsibilities C. Appraisal Process 1. Definition of Problem 2. Preliminary Survey and Planning 3. Data Collection and Analysis 4. Approaches to Value 5. Reconciliation of Indications of Value 6. Final Value Estimate D. Forces Affecting Value 1. Physical 2. Economic 3. Governmental 4. Social E. Principles of Value F. Highest and Best Use G. Current Use III. Property A. Rights 1. Sell 2. Lease or Rent 3. Use 4. Give Away 5. Enter or Leave 6. Refuse B. Limitations 1. Taxation 2. Eminent Domain 3. Police Power 4. Escheat C. Ownership Estates 1. Freehold 2. Non-Freehold D. Property Interests 1. Fee Simple Estates 2. Life Estates 3. Lease Interests 4. Lease Terms 5. Tenancy 6. Rental Payments 7. Specialized Lease Interests 8. Vertical Interests 9. Specialized Fractional Ownership IV. Arizona Property Tax System A. Administration B. Roll 1. Location and Identification of Property 2. Classification of Property 3. Valuation of Property 4. Appeals 5. Errors 6. Exemptions 7. Levy and Collection C. Centrally Valued Properties 1. Definition 2. Use 3. Characteristics D. Cost Approach 1. Definition 2. Calculations E. Age 1. Effective 2. Weighted F. Legal Class of Property 1. Purpose 2. Assessment Percentages 3. Types V. Estimating Value A. Cost Approach 1. Principles 2. Procedures B. Comparative Sales Approach 1. Principles 2. Procedures C. Income Approach 1. Principles 2. Procedures VI. Cost A. Reproduction versus Replacement B. Elements 1. Direct 2. Indirect C. Building Classification System 1. Characteristics 2. Inspection 3. Construction Cost Manual 4. Measurements 5. Calculations 6. Data Collection | |||
MCCCD Governing Board Approval Date: 11/27/2007 |