EXAMPLE

SQUARE FOOT RATE CALCULATION VIA FORMULA

Reference Section 2 of the preceding property worksheet. Note that Section 1 of the Dwelling is a 2 story with basement frame (siding) building of 672 square feet and that Section 2 of the Dwelling is a 1 story no basement frame (siding) section of 264 square feet.

In the Administrative data area of the worksheet, one may note that the structure is a grade 4 quality of construction, that the perimeter of section one is 104 lineal feet, that the total perimeter is 148 lineal feet and that the total foundation square footage is 936 square feet.

The following calculation of the square foot rates would occur using the above information and the square foot rates tables and other charge rate table for grade 4 residences:

Section 1 - 2 story with basement grade 4 frame structure

This Square Foot rate appears in the rate column in Section 2 of the preceding property worksheet for Section 1.

The Base Building Value for Section 1 of the Dwelling in Section 2 of the worksheet is:

CAMA - I - 4 Revised 12/01

SQUARE FOOT RATE CALCULATION VIA FORMULA (continued)

Section 2 - 1 story, no basement grade 4 frame structure

This Square Foot rate appears in the rate column in Section 2 of the preceding property worksheet for Section 2. This rate is multiplied by the actual square footage of Section 2 to produce the base building value for Section 2.

The Base Building Value for Section 2 of the Dwelling in Section 2 of the worksheet is:

Other Charges for deviations not included in square foot cost rates are itemized in Section 4 of the preceding worksheet. These are computed using the other charge rate for grade 4 structures from the other charge rate table. A summary of these are listed below:

4. OTHER CHARGES

5. SUBTOTAL: OTHER CHARGES                                                                                   28,610 

CAMA-I-5 Revised 12/01

SQUARE FOOT RATE CALCULATION VIA FORMULA (continued)

The Cost Tables that follow are for manually developing square foot cost rates. Following the Square Foot Cost Tables are Other Charge Cost Tables which are used for valuing items not included in the Square Foot Rates.

The Square Foot Rate for Section 2 of the residential worksheet is multiplied by the applicable size to produce a current cost for Section 2. The sum of the costs for all sections and the total of all Other Charges is the total current replacement cost new of the dwelling. In subsequent valuations of the property via Computer Assisted Mass Appraisal the 2000 building costs will be indexed to produce a current cost of construction.

Note: Square foot rate formula deviations are made in the following areas:

• Split level homes are computed on total area and perimeter for all sections.
• Townhouses have a perimeter adjustment for common walls.
• Split Foyer rates are developed by multiplying the one story with basement rate times 1.17.
  The adjustment is for exposed wall area and finished areas including stairways.

CAMA - I - 6 Revised 12/01