Available courses

The correct method of property assessment valuation of Big Box stores has been challenging and controversial. There is a tremendous amount of discussion taking place regarding an appropriate valuation methodology. Appeal tribunals and courts have made significant rulings based upon what has been labeled the “Dark Store” approach, causing significant challenges for taxing jurisdictions who were caught off-guard and must issue large refunds after the fact. The presenters will share their experiences on the landmark changes in the assessments without the use of typical  adversarial process. A valuation methodology including practical examples will be discussed.

 

Any interest in real estate that is capable of generating income can be valued using the direct capitalization approach. This requires an appropriate derivation of the capitalization rate.  Depending on the quantity and quality of available data, there are various techniques used.

This webinar will cover the challenges assessors and valuators face in deriving capitalization rates in the application of the direct capitalization methodology.  Emphasis will be given to derivation of the rates from comparable sales. As well, data requirements and practical application of the methodology will be discussed.

 

This webinar will provide the attendee with information as to the advocates’ role in both summary and general proceeding assessment appeals. Topics will cover responding to issues, effective advocacy for electronic or telephone hearings; when to request an in-person hearing or oral motion, basic tips for written advocacy, and the advocates’ role in preparing the expert witness.  

 

The use of mediation to settle disputes is on the rise and has become an accepted process for resolving valuation and property tax conflicts. All parties involved in the mediation and negotiation process are expected to actively participate in the process, however, the role of the assessor and the expert is not always clear . The questions that commonly arise are: Is the issue sufficiently complex to retain an expert?  Why obtain an expert and what would that expert’s duties be? What is the appropriate behaviour? What preparations are required? What is the role of the expert? This webinar will attempt to answer these questions and clarify the role and responsibilities of the assessor and the expert .

 

Any interest in real estate capable of generating income is typically valued by direct capitalization.  Although capitalization rates can be estimated using various methods, the technique used will depend on the quantity and quality of the data available. Deriving capitalization rates from comparable sales is the preferred technique when sufficient sales data of similar comparable properties is available. The Direct  Capitalization Method requires an appropriate estimate of net operating income which requires an appropriate estimate of operating expenses.  The presenters will focus on the estimate of expenses and deriving an appropriate capitalization rate using the Direct Capitalization  methodology. Practical examples will be covered.

 

The valuation of land for assessment purposes is always a challenging and difficult process. The issue of highest and best use of the land as if vacant and as if improved will be discussed. Focus will be given to the methodology of derivation of value for the land, as vacant, with the primary application of the sales comparison approach.

Practical examples of the valuation of a typical parcel of land will be included.

 

The determination of assessed values utilizing the income approach requires determination of fair market rents. This webinar will provide the attendee with a better understanding of the definition of the fair market rents, and will focus on various methodologies of derivation of market rents from the perspective of capturing all interests in the property to be valued. Residential properties, offices buildings and shopping centres will be discussed.

 

Identifying and quantifying physical, functional and external depreciation is one of the most important, difficult and challenging  components when  determining the value of the real property. 

This webinar will focus on the quantification of all forms of depreciation once it has been determined that such depreciation exists and is inherent in the property. Webinar leaders will discuss various methods of quantifying depreciation,  share their experiences and provide examples of the application of the quantification methodology.

 

Litigation and property taxation disputes require the participation of an expert witness and advocate, typically legal counsel. An understanding of the respective roles, interactions and communications between the expert and legal counsel is necessary. Experts who are responsible for preparation of a report, and providing evidence at a hearing, may be concerned about interaction with legal counsel and their valuation being questioned by opposing legal counsel at a hearing. This webinar will cover the “ins and outs” of preparing for a hearing, including the role of the expert witness and the advocate, how they should co-operate and work as a team without jeopardizing the independence of the expert witness, and the expert's ability to provide appropriate evidence. The rules governing the use of experts, preparation of the expert's report, and recommendations as to what to include in the report, will be discussed. Communications and discussions between the expert witness and the legal team, including analysis of the strengths and weaknesses in the valuations of both sides, will also be considered.

 

Commercial properties such as retail, shopping centres, office buildings and other similar properties are    typically bought and sold on the basis of the income they generate.  As they are typically considered investment properties that can generate a return on capital in the form of rents, traditionally these properties have been valued on the income approach. It is always challenging to determine fair market rent, expenses and appropriate capitalization rates. For many smaller retail properties, there may be sufficient evidence of market sales transactions. In those situations, consideration needs to be given to the market sales approach. This webinar will discuss the appropriate valuation approaches with emphasis on income and market sales comparisons in order to accurately determine the value of commercial properties.

 

This webinar will focus on the application of the cost approach and whether the cost approach, if appropriately applied, can determine an accurate current value. Emphasis will be on the derivation of value for single and special purpose properties.  The presenters will discuss whether the cost valuation methodology, as it is typically applied, is capable of providing a realistic estimate of value. The application of the market sales and income approaches will be discussed. The challenges dealing with the ability to estimate a replacement cost new and depreciation allowances will be discussed.

 

The webinar will provide the attendee with a  better understanding of the valuation principles pertaining to leisure properties. Categories and types of leisure properties will be discussed including resort hotels, golf facilities, marinas and casinos. Various valuation approaches will be considered, with emphasis on the application of the income approach.  Property valuation procedure overview will be provided.  Data collection, identification of non-assessable components, analysis of revenue sources and expenditures will be covered. Appropriate analysis of capitalization rates and derivation of value for leisure properties will be discussed.

 

The emphasis of this webinar will be on the challenges presented by applying the income approach when dealing with ad valorem assessments. The differences in valuations of properties for property taxation and valuations for other purposes will be identified. Income approach valuation methodologies will be covered, including the appropriate application of the Direct Capitalization Method, derivation of gross lease areas, fair market rents, expenses and capitalization rates be covered.

 

The webinar will focus on  a process of identifying and quantifying functional and eternal depreciation as a part of the replacement cost valuation procedure. Various types of depreciation will be discussed. Practical examples based on different types of depreciation and quantification methodologies will be presented. An opportunity for submitting questions will be provided.

 

This webinar will familiarize attendees with property tax policy considerations and options that are typically confronted by Provincial and Municipal policy makers. Both international and local perspective and practice will be discussed. The webinar participants will be exposed to a conceptual framework that assists structure policy choices referring to lessons learned from other jurisdictions.

The guidelines in terms of simplified DO’s and DONT’s will be provided.

 

The webinar will cover the application of the income approach. Emphasis will be given to the determination of GLA, estimating fair market rent and expense allowances and the derivation of cap rates from the market. The application of the direct capitalization approach to value for property tax purposes will be also be       discussed.

 

This webinar will cover the “ins and outs” of preparing for litigation including the role of the expert witness and the  advocate; how they should work together as a team; the rules governing the use of experts; the preparation of the expert's report; what facts needs to be included in the report and how they can be proved; how to link the facts to the opinion of value; discussions between the expert witness and the legal team; dealing with the strengths and weaknesses in both your own and the other side's case; how to present expert evidence; how to deal with cross-examination; other matters to take into account in connection with litigation. This will be a very practical webinar and will be of interest to all involved in property valuation disputes.

 

The basic principles and concepts of municipal assessment and taxation will be discussed including introduction to  property tax policy, tax rates and bills, the assessment valuation, stakeholder role, interaction and appeals.

 

 

The application of the income approach will be covered including steps in the direct capitalization model.  Emphasis will be given to determining GLA’s, estimating fair market rent and expense allowances, deriving cap rates from the market and the application of the direct capitalization approach in the valuation for property tax.

 

In this webinar the fundamentals and principles in valuing multi-residential properties will be discussed. The direct capitalization method and gross income multipliers will be covered. Emphasis will be placed on single property valuation methodologies, although the mass appraisal perspective will also be touched upon.

 

In this webinar the fundamentals and principles in valuing multi-residential properties will be discussed. The direct capitalization method and gross income multipliers will be covered. Emphasis will be placed on single property valuation methodologies, although the mass appraisal perspective will also be touched upon.

 

This webinar will focus on  depreciation fundamentals which will be identified from the perspective of the application and valuation for assessment purposes.  Various types of depreciation will be discussed as will various methods of quantifying physical, functional and external depreciation.

 

Join us for this one-hour webinar dealing with the identification and separation of intangible assets from real estate in property tax valuations.  The discussion will focus on basic principles regarding value allocation and will cover the requirements to exclude intangible assets and goodwill in valuations for property tax purposes.  Non-assessable components will be identified and the extraction methods will be discussed.

 

This webinar will cover fundamental concepts and applications of mass appraisal processes relative to the valuation of residential and selected commercial properties. Mass appraisal concepts and the differences between single property appraisal processes will be discussed. Analysis of highest and best use, data collection and fundamental market analysis will also be covered. Building valuation models and calibration of models applicable to the cost approach as well as market sales comparison approach will be discussed.  Multiple regression analysis, the direct sales comparison approach and applicable model calibrations will also be addressed

 

This course is focused on teaching the essential statistics for professionals in the field of property valuation. It introduces the concepts of descriptive and inferential statistics using examples from the assessment field, to teach statistics without the use of software. The course concentrates on the theory and concepts of statistics relevant to mass appraisal in a series of six online lessons.

This course is designed to provide an introduction to office building valuation for assessment purposes, using the direct capitalization method. This course will provide a practical valuation guide for office building valuation specific to collecting data, analyzing the information, developing valuation parameters, completing the valuation process, estimating market value, and ensuring quality of assessment values.

This course is designed to provide an introduction to Multi-Residential property valuation for assessment purposes and provides a practical valuation guide for Multi-Residential Property.The Mass Appraisal 102 course considers the following:

  • Collecting data
  • Analyzing the information
  • Developing valuation parameters
  • Valuation process
  • Estimating market value
  • Ensuring quality of assessment values

This course is focused on the fundamental concepts and applications of mass appraisal processes relative to the valuation of residential properties. In a series of online lessons, this course will focus on the differences between mass appraisal and single property appraisal concepts, highest and best use, data collection, fundamental market analysis, measuring mass appraisal performance, the appeal process, and the use of technology. Valuation model building and calibration of models will be discussed, in addition to a model testing the quality control process.

This course is designed to cover property tax policy principles and issues from an international perspective. It provides a relevant conceptual framework containing essential elements of tax policy considerations and options, and presents internationally grounded guidelines for making policy choices regarding the role property tax can play in financing local governments. This includes tax base, tax liability, tax rates, tax relief, and tax politics. Also included are selected issues relative to property tax administration. 

The course will provide assessors, municipal representatives and taxpayers with an understanding of the basic principles and concepts of municipal assessment and taxation