Mid-Week Jeopardy

Jessie's Column

100

The first step in the data collection process is to ____ _____ _____.

Locate the parcel

200

What are two examples of subjective property characteristics?

Rank, physical condition, functional utility, occupancy

300

What composite rating considers the overall quality, workmanship, and materials of a commercial building?

Rank

400

Name one reason a data collector would be visiting a parcel:

17% reinspection, building permit, sales verification, field check

500

This code refers to the grade or quality of the property as an investment and is used in the income approach for commercial properties:

Investment Class

Sabetha's Pillar

100

The assessment rate for commercial properties is:

25%

200

What are two examples of objective property characteristics?

Wall height, area, perimeter, year built

300

Name at least one reason why a building should be sectioned out:

Occupancy, year-built, wall height, physical condition, assessment class, rank, income use, construction class, functional utility, area per floor

400

This LBCS code refers to the actual land use based on its observable characteristics:

Activity

500

Which two component codes can be added to a basement?

HVAC and sprinklers

The Mitchell Section

100

This LBCS code describes the economic function or enterprise using the land and is a required entry at the property level:

Function

200

This construction class is very common in commercial construction and is characterized by masonry or reinforced concrete:

Class C: Steel Frame or Masonry Bearing Walls

300

What are the three types of depreciation?

Physical, functional, economic

400

The Property Class Field identifies the actual ____ _____ _____ of the parcel.

Present Day Use

500

What are the five LBCS elements used in Orion?

Function, activity, ownership, site and structure

Lynn's Learning Tower

100

At a minimum, a commercial parcel needs to be visited once every _____ years.

Six

200

The period over time in which an improvement will contribute to the property value in a positive way is the ____ life.

Economic 

300

(Double Points) Which two component codes are a required entry in Orion?

Exterior walls and HVAC

400

This construction class is characterized by heavy masonry and timber construction and are common in older industrial districts:

Class M: Mill Type Construction

500

Property characteristic descriptions can be categorized in three ways, which are:

Continuous, Discrete, and Dichotomous

PVD's Potpourri

100

Exterior walls, HVAC, elevators, and sprinklers are examples of ______ that depreciate with the structure they are attached to.

Components

200

(Double Points) Name two types of occupancies that requires the use of the ‘number of units’ entry:

Apartments, hotel/motel, hospital, car wash, mini warehouse, etc.

300

This LBCS code describes the overall design and utility of each structure or building on a parcel and is a required entry at the building/section level:

Structure

400

This code identifies the use of the building or section as it was originally designed:

Occupancy

500

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