Picking Data

Check out the following example, where the stated information was citied as a basis for market valuation:

2013 - Acquisition price of subject only 23 months earlier.

2014 - Average local market rent of same type property less prior year subject actual expense, capped at average national survey “B” results for same type property.

2015 – Actual subject market rent less average expense for property type, cap rate based on a recent local sale of same type property.

2016 – Average local market rent of same type property less prior year subject actual expense, capped at average national survey “C” results for same type property.

Selective data sourcing can tempting to both Appellants and Assessment Professionals, but such inconsistency rarely leads to equity.

Best to avoid it, and call it out when you see it!

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