Course Outline

BUSI 443 - Foundations of Real Property Assessment and Mass Appraisal

Chapter 1 - Property Taxation
Chapter 2 - Overview of Real Property Assessment
Chapter 3 - Legal Framework for Assessment
Chapter 4 - Mass Appraisal Planning and Processes
Chapter 5 - CAMA Systems
Chapter 6 - Data Collection, Management, and Analysis
Chapter 7 - Land Administration: Mapping and Geographic Information Systems
Chapter 8 - Human Resources Management
Chapter 9 - Strategic Management and Planning
Chapter 10 - Quality Management
Chapter 11 - Public Relations and Stakeholder Management
Chapter 12 - Property Assessment Appeals

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: