Course Outline

BUSI 443 - Foundations of Real Property Assessment and Mass Appraisal

LESSON NO. 1 - The Ad Valorem Tax System
LESSON NO. 2 - Real Property Assessment
LESSON NO. 3 - Law and the Assessor
LESSON NO. 4 - Valuation Planning
LESSON NO. 5 - Mass Appraisal
LESSON NO. 6 - Computers in Mass Appraisal
LESSON NO. 7 - Data Collection and Management
LESSON NO. 8 - Recording and Analyzing Property Sales Data
LESSON NO. 9 - Geographic Information Systems and Real Property Assessment
LESSON NO. 10 - Management and Leadership
LESSON NO. 11 - Quality Control, Public Relations, Appeals, and the Public's Right to Know

Course Structure

Weekly multiple choice assignments: 15% of final grade.

Project 1: Establishing the context for assessment : 15% of final grade.

This project requires students to apply concepts covered in the first half of the course towards several practical issues. Students are then required to carry out a research project which involves examining the historical background and the evolution of an assessment organization in their area. Students may carry out research in a variety of ways including: the Internet, visiting the assessment office, and interacting with the organization's staff, in order to complete this project.

Project 2: Critical analysis of assessment functions: 20% of final grade.

This project requires students to apply the concepts covered the last half of the course towards several practical issues. Students are then required to carry out a research project to analyze selected components of their local assessment agency and, in a report, make recommendations on how to optimize these components. Students should interview at least one staff member from the assessment office. They may wish to interview other real estate professionals in order to gain viewpoints on the aspects of assessment.

Final exam: Multiple choice and short-answer written questions: 50% of final grade.

Additional Resources

See Table of Contents for the texbook for this course: