Jessie's Jenga Tower
The first step in the data collection process is to ___ _____ _____.
Locate the Parcel
The period of time in which an improvement will contribute to the property value in a positive way is the _____ life.
Economic
What is the assessment rate for commercial properties?
25%
This LBCS code refers to the overall physical development of the land and whether the property is developed or not:
Site
At a minimum, a commercial parcel needs to be visited once every ______ years.
Six
This construction class in characterized by their reinforced concrete frame, are fire resistant structures, and are typical of high-rise office and residential buildings:
Class B: Reinforced Concrete Frame
Wall height in a commercial building is measured from _____ to _____.
Floor to floor
This property page field refers to the type of neighborhood in which the subject property is located:
Location
What type of depreciation is defined as: “the value added by repair is greater than or equal to the cost to cure.”
Curable
PVD recommends that you limit the number of exterior wall components to ____ per building section.
Two
What are the three causes of depreciation?
Physical, Functional, and Economic
This composite rating considers the overall quality, workmanship, and materials of a commercial building:
Rank
What are two examples of objective property characteristics?
Wall height, area, perimeter, year built
What are the three types of sectioning?
Horizontal, vertical, mixed
(Double Points) Which LBCS code is required on the property page? Which LBCS code is required on the building page?
Function; Structure
List two examples of incurable functional obsolescence:
Poor/inefficient design layout, super adequacy, low ceiling height in a warehouse, poor land to building ratio, inadequate or unsuited utility space, no elevator, etc.
Occupancy 352: Multiple Residence (Low Rise) are characterized by having how many stories?
Three or less
This code identifies the use of the building or section as it was originally designed:
Occupancy
162 – Outbuildings and 163 – Site Improvements, refer to what type of occupancies in Orion?
Non-Building
There are four Investment Class letters. Which one does Orion default to if no Investment Class is chosen?
Investment Class C
The depreciation table assignment for a non-building occupancy is made using the ____ ____ assigned to that non-building occupancy.
Components must be attached to either a ______ or a ________.
Structure or a non-building occupancy
This area should be used when listing a 162 or 163 occupancy code:
10
If a common wall separates a building from an adjacent parcel under different ownership, how is the effective perimeter accounted for each building?
Take the length of the common wall x 50% for both parcels
Name three required entries in the Commercial Building Sections in Orion.
Section #, occupancy, M&S class, rank, levels, perimeter, area, wall height, physical condition