Introduction to New, Loss, Additions, Losses & Adjustments
Instructor(s): Matthew Raftary
May 9, 2019; Thursday; 8:00 am – 5:00 pm
This class will involve a brief discussion of the history and definitions of equalization new, loss, and adjustment as well as Headlee and capped value additions and losses. Students will learn to determine new, loss, adjustment, additions and losses and the differences between Headlee and capped value additions and losses as they apply to the capped value formula. The instructor will guide students through study problems involving splits and combinations, exemptions, new construction, Board of Review actions, etc., and calculate assessed, capped and taxable values based upon various scenarios.
A CALCULATOR IS REQUIRED.
Recommended for: All assessors
Approved 8 hours of STC Assessor Continuing Education Credit
Limited to 45 Students.