This course provides information to ensure that students understand how to locate, list, classify, and value rural structures in Colorado. The workshop covers terminology used in identifying various types of rural structures. This course provides the student with an overview of statutory laws related to rural structure valuation.
The workshop provides the student with an understanding of rural structure data collection techniques and the appraisal decisions that must be made during the property inspection. Students will learn how to distinguish between real and personal property according to Colorado Revised Statutes for ad valorem purposes. The course covers how to classify rural structures and how to list properties on assessment records. Students will gain an understanding of replacement versus reproduction cost, class of construction, quality of construction versus condition, and the cost approach to value methods. Students will also learn how to calculate accrued depreciation and how to identify functional and external obsolescence. Students will learn how to calculate the value of rural structures using the cost approach and the Marshall Valuation Service. The course also covers minimal building value designations typical of farm and ranch operations.
Upon completion of the seminars, participants will be able to:
- Provide procedures to assist county assessors in the valuation of rural structures for ad valorem taxation.
- Encourage intercounty communication and sharing of information on rural structures.
- Promote statewide property tax equalization through the use of similar methodology.
Instructor: Bill Thompson
- Thursday All Day Session
August 29, 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.