kenneth l joyner, res, aas unc school of government september 16, 2010 cost approach: carrying the...

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Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

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Page 1: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Kenneth L Joyner, RES, AASUNC School of Government

September 16, 2010

Cost Approach: Carrying the Weight of Equity

Page 2: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Kenneth L Joyner, RES, AASUNC School of Government

September 16, 2010

One man’s tirade about how we lost the purpose of the appraisal

in the booming economy that was the 90’s and 00’s

Page 3: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Purpose of a Reappraisal

General Terms USPAP

Statutory Requirement

Bring values to market

Correct weaknesses in the previous reappraisal

Redistribute the tax base

Statutory Requirement

Bring values to market

Correct weaknesses in the previous reappraisal

Redistribute the tax base

Page 4: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Purpose of a Reappraisal

General Terms USPAP

Statutory Requirement

Bring values to market

Correct weaknesses in the previous reappraisal

Redistribute the tax base

Statutory Requirement

Bring values to market

Correct weaknesses in the previous reappraisal

Redistribute the tax base

Page 5: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Beginning our Journey Where do we start?

Page 6: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Beginning our Journey

Page 7: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Step 1

Page 8: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

STEP 2

Page 9: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

STEP 3

DISCLOSE SCOPE OF

WORK

Page 10: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 11: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 12: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 13: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 14: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 15: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 16: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 17: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 18: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 19: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 20: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 21: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 22: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 23: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 24: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 25: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 26: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Reappraisals in Today’s Market

Page 27: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Reappraisals in Today’s Market

Page 28: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Continuing our Journey What is our next step?

Page 29: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

OUR GOAL

Page 30: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

*Information comes from IAAO ODF 960

Page 31: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Neighborhood Realignment

Page 32: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Neighborhood Realignment

Page 33: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Neighborhood Realignment

Page 34: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Neighborhood Realignment

Page 35: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Advantages of Neighborhood Realignment

EQUITY

Page 36: Kenneth L Joyner, RES, AAS UNC School of Government September 16, 2010 Cost Approach: Carrying the Weight of Equity

Ending our Journey Do we have to come back?

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