This Natural Resources course focuses primarily on the valuation of properties containing minerals other than oil and gas. The morning session focuses on the discovery, listing, and classification of all natural resource properties including constitutional and statutory definitions and requirements. Various resources are explored for gathering and documenting information necessary for proper classification and valuation. The second half of the morning discusses the application of the three approaches to value for the valuation of nonproducing mines, severed mineral interests, and any other nonproducing natural resource properties.
The afternoon is focused entirely on the valuation of solid mineral producing natural resource properties. The afternoon session is divided similarly; how mines are defined in statute and producing mine valuation in the first half, valuation of coal and earth and stone operations in the second half.
Upon completion, this course will:
- Enable students to better identify natural resource properties in their counties.
- Provide resources and procedures to obtain necessary information and to analyze reported information for the proper classification and valuation of natural resource properties.
- Identify the statutory requirements for taxpayer reporting and assessment procedures for valuation of natural resource properties.
- Provide the knowledge for participants to properly and accurately value different types of producing and nonproducing natural resource property.
Instructors: Michael Krueger
- Wednesday All Day Session
August 28, 2019
8:00 am - 5:00 pm
Venue: Beaver Run Resort
Venue Phone: 1-800-525-2253
Venue Website: https://www.beaverrun.com/Address:
Individuals can make reservations at any time by calling: 1-800-525-2253 and referencing “CATA 2019” – OR – a member can register online here.
In order to receive discounted group rates, please make your reservations prior to July 27, 2019.
For additional details, view the Lodging Information PDF.