Hey Jude
When assigning the CDU to a dwelling, which factor should be given the most weight?
Locational desirability
Agricultural occupancies should be listed as an other improvement child of the ___.
Property
What is the assessment rate for residential properties?
11.5%
The first step in the data collection process is to:
Locate the parcel
At a minimum, a residential parcel needs to be visited once every ___ years.
Six
The loss in value due to the inability of a structure to adequately perform the function it currently serves is referred to as what?
Functional obsolescence
What type of depreciation is defined as: “the value added by repair is greater than or equal to the cost to cure”?
Curable Depreciation
This composite rating considers the overall design, workmanship, and materials used to construct a residential property:
Quality
This code determines the type of residential living unit on the property:
Residence Type
Which field determines the classification for all market land a building structures unless otherwise stated:
Property Class
The period of time in which an improvement will contribute to the property value in a positive way is the ___ life.
Economic
(Double) Which LBCS code is required on the property page? Which LBCS code is required on the Building page?
Function; Structure
The loss in value brought about by factors outside the property owners’ control is referred to as what?
Economic or External/Locational obsolescence
162 – Outbuildings and 163 – Site Improvements refer to what type of occupancies in Orion?
Non-building
What are the three forms of depreciation?
Physical, Functional, and Economic
Residential M&S components are separated into what two groups?
Site-Built and Manufactured Housing
What two component entries are required when listing a site-built dwelling?
Exterior Walls and Roof Material
This M&S construction class cannot have an exterior wall component attached to it:
Class H- Hoop Frame
What are the three parts of the CDU rating?
Condition, Desirability, and Utility
Custom components can only be attached with which two types of occupancies?
Commercial and Agricultural
What are three examples of subjective property characteristics?
Construction quality, Physical condition, Functional utility
Which code determines the cost table assignment and the presence of upper floor living area?
M&S Style
Name at least three factors that are part of the quality assignment:
Shape, size, design, exterior wall materials, architectural style, fenestration, ornamentation
This construction class is characterized by combustible closely spaced wood or steel studs and is often referred to as residential-type construction:
Class D – Wood or Steel Framed Exterior Walls
What are the five LBCS elements used in Orion?
Function, Activity, Ownership, Site, and Structure