Georgia DOR Appraiser Exam IV
Questions and Answers.
Elements of Comparison - Answer -location
-date of sale
-condition of sale
-economic trends (PEGS)
-physical characteristics
Units of Comparison - Answer - front foot
-square foot
-acres
-site *per lot*
- buildable units
Fair Market Value Criteria - Answer -zoning
-use
-covenants/restrictions
-bank sales
-conservation easement
-rent limitations
-any others
Economic principle of Contribution - Answer Basis for adjustment in the market approach
Economic principle of Substitution - Answer Basis for all three approaches to value
Factors that influence value - Answer Physical, economic , government and social factors
Cost Approach steps - Answer -quantity survey
-unit in place
-sq ft/cubic ft
-factored historic cost
Components of a county budget - Answer -bonded indebtedness
Questions and Answers.
Elements of Comparison - Answer -location
-date of sale
-condition of sale
-economic trends (PEGS)
-physical characteristics
Units of Comparison - Answer - front foot
-square foot
-acres
-site *per lot*
- buildable units
Fair Market Value Criteria - Answer -zoning
-use
-covenants/restrictions
-bank sales
-conservation easement
-rent limitations
-any others
Economic principle of Contribution - Answer Basis for adjustment in the market approach
Economic principle of Substitution - Answer Basis for all three approaches to value
Factors that influence value - Answer Physical, economic , government and social factors
Cost Approach steps - Answer -quantity survey
-unit in place
-sq ft/cubic ft
-factored historic cost
Components of a county budget - Answer -bonded indebtedness
