EXPLANATION OF THE
COMPUTER ASSISTED MASS APPRAISAL
RESIDENTIAL PROPERTY WORKSHEET

PURPOSE OF THE PROPERTY WORKSHEET

This document is designed to assist property owners in reviewing their property worksheet.  This style of worksheet is currently used as a part of a computer assisted mass appraisal (CAMA) system.  Computer assisted mass appraisal is a system by which appraisals can be improved and expedited via electronic data processing.  Specific questions pertaining to the worksheet may require an explanation from an assessor.

EXPLANATION OF THE PROPERTY WORKSHEET

Section 1:  PROPERTY ADMINISTRATIVE DATA

Information is provided concerning the individual property.  Items in the first column contain information to identify the current property owner and the location.  Items in the other columns assist in identifying the structural characteristics of the dwelling (e.g. grade, condition, etc.).

Sections 2 & 3:  DWELLING COST CALCULATION

The major sections of the dwelling are identified in Section 2 to determine the replacement cost value.  The story type, the type of construction, the square footage of the section, the square foot rate used in estimating the replacement cost, and the estimated value for each section is indicated. The total of the estimated values for each section is indicated in Section 3.

Sections 4 & 5:  OTHER CHARGES

Characteristics of the property which require an adjustment in the cost approach are listed in Section 4.  These items are not included in the Dwelling Cost Calculations noted above.  Each "Other Charge" item is listed indicating the size or number of units, the unit rate and the estimated cost value of the item.  The total of all the "Other Charges" is indicated in Section 5.

Section 6:  TOTAL DWELLING BASE COST

The Dwelling Square Foot Cost (Section 3) is added to the total of the Other Charges (Section 5) to arrive at the Total Dwelling Base Cost.

Section 7:  DWELLING VALUE

In this section a correlation between the replacement cost value and the value indicated by a market comparison is made.  If necessary a cost index is applied and an adjustment is made for depreciation.  Then a Market Value Index (MVI) is applied. This MVI adjustment is based on an analysis of sales of comparable properties. The Depreciation is subtracted from the Replacement Cost New and the difference is multiplied by the Market Value Index to arrive at the Total Dwelling Value (Section 7).

Sections 8 & 9:  ACCESSORY STRUCTURES

Other structures which are not a part of the main dwelling are listed by type, grade, the size or number of units, the unit rate used for costing the structure, the amount of depreciation and the value of the accessory structure.  The total value of all the accessory structures is indicated in Section 9.

Section 10:  TOTAL IMPROVEMENT VALUE

The Dwelling Value (Section 7) is added to the total of the Accessory Structures (Section 9) to arrive at the Total Improvement Value.

Sections 11 & 12:  LAND VALUATION

The type of land (e.g. inland lot, waterfront lot, water-view lot, bay-view lot, mountain-view lot, etc.) and the land influences, if any,  (e.g. high noise area, heavily traveled roads, etc.) are indicated in Section 11.  The categories of land that apply to the property are listed (i.e., primary, secondary, excess, etc.) by the size of the area, the rate associated with that area, the adjustments (if any), and the value.  The Total Land Value is indicated in Section 12.  

Section 13:  TOTAL PROPERTY VALUE

The Total Improvement Value (Section 10) is added to the Total Land Value (Section 12) to arrive at the Total Property Value.

SDAT/Real Property Division: Rev. 7/04