Introduction and Property Page
The first step in the data collection process is to:
Locate the parcel
"A contemporary one-story dwelling with all habitable rooms and automobile storage located on the ground level or below (basement)," describes what architectural style?
Ranch
Name the three types of depreciation that are incorporated into the CDU rating of a dwelling.
Physical, Functional, Economic
What is the correct classification for a property with 155 acres of dry crop farmland and a 3-acre residential homesite?
Farmstead
Which LBCS code refers to whether or not the property is developed?
Site
What is the assessment rate for the dwelling on a farm homesite used for residential purposes?
11.5%
What Orion entry trumps all other area entries in the "Area and Measurements" section of the residential buildings page?
Ovr Tot area
When assigning the CDU to a dwelling, generally speaking, 50% to 75% of the weight should be placed on which factor?
Locational desirability
It is recommended that agricultural occupancies be listed as:
An other improvement child of the property
What LBCS code refers to the actual land use based on its observable characteristics?
Activity
A "whole" township is made up of how many sections?
36 sections
How is basement finish accounted for in Marshall & Swift?
As a component record of the dwelling
"Small repairs that can usually be corrected by the homeowner" are considered what?
Deferred maintenance
What M&S construction class is recognized as "Residential" type construction?
D- Wood Framed Exterior Walls
What LBCS code refers to the economic type of establishment present?
Function
DOUBLE
How does section numbering work in Kansas? (2 parts)
It begins in the NE corner of the township and progresses sequentially westward in a serpentine manner
DOUBLE
What two components are required to value a dwelling or a manufactured home in M&S?
Roof material and Exterior wall material
What is the term for the loss in value due to the inability of a structure to adequately perform the function it currently serves?
Functional obsolescence
The unit cost for a component is established from what?
The component code itself
DOUBLE
Which LBCS code is a required entry on the property page? Which is required on the dwelling page?
Property Page- Function
Dwelling Page- Structure
What data element directly affects the value of a property?
Market land entry
How would a data collector account for the multiple uses in a dwelling with a living area on the main floor and a beauty shop in the basement that accounts for 30% of the value of the property?
Utilize the "Percent Allocation by Class for Dwellings with Mixed Uses" field denoting the mixed use percent (Mixed Use)
What default depreciation method/setup, incorporating all three forms of depreciation, is used for residential properties in the Kansas Orion system?
CDU, CDU methodology incorporates all forms depreciation into one rating
The proper way to adjust the value of an improvement in the Orion system that has no contributory value ($0) is:
Enter "0" in the "Override Percent Good" field on the corresponding page
What are the 5 elements to the Land Based Classification System?
Activity, Structure, Function, Ownership, Site