Marshall & Swift training prepares appraisers and assessors to support valuation calculations
Taxes are an inevitable part of life, and for real estate appraisers and assessors, there is another certainty when it comes to calculating taxes: tax value appeals and disputes from property owners.
Having the proper justification for property valuations and tax calculations, especially when property owners insist that their properties have been overvalued, is an important part of an assessor’s job. However, gaining the confidence to provide accurate valuations and tax calculations requires proper training.
What Is the Cost Approach?
The cost approach is a method that allows professionals to determine the value of a property by calculating the sum of land value and depreciated value of improvements. The cost approach is the most objective approach for property valuations, and thus tax calculations.
Enhance Your Confidence in Property Data
This approach focuses on the cost of the physical building, which is important because no one will ever pay more for a structure than what it costs to build. Commercial valuations combine the price of land along with the income from the on-site business to help determine an opinion of value.
CoreLogic — the leading provider of property data and workflow solutions for all property-related industries — produces the proprietary Marshall & Swift residential, commercial, and agricultural building cost data and delivery methods that feature a comprehensive product suite of cost manuals, specialty publications, and software solutions.
Assessors have been using Marshall & Swift for decades thanks to the solution’s extensive databases of rigorously tested data. While we still have the classic cost manuals that are updated regularly, the following options are now available to access property-related insights:
- APIs that integrate directly with mass appraisal systems
- An online suite of property appraisal applications
- Desktop applications
Maximizing the insights from the Marshall & Swift solution’s data requires comprehensive training.
Top 3 Reasons to Obtain the Marshall & Swift Cost Approach Certification Program
Marshall & Swift offers a Cost Approach Certification Program that equips assessors with the knowledge and skills necessary for providing context around Marshall & Swift market data.
While there are many reasons for all assessors to get this training, here are the top reasons to consider training today:
- Learn to support an opinion of value
To avoid reassessments, valuation appeals, and other consequences that impact communities, assessors need to understand how data is generated. During a Marshall & Swift training, our experts come on-site and help your appraisers understand the formulas and calculations behind all the cost data so that they can support and defend values listed in and produced by our resources.
- Get your entire staff on the same page with your customized, modernized workflow
The personalized Marshall & Swift Cost Approach Certification Program is customized to individual workflows. We consider the specific resources, as well as the technology and integrations that you are using.
Providing a deeper understanding of the technology and resources that go into your company’s valuation process helps appraisers be more comfortable following the workflow that your company has deemed most efficient.
- Obtain continuing education credits
Continuing education credits are required for appraisers and assessors, and Marshall & Swift training satisfies these educational requirements. As your appraisers and assessors learn more about the data and processes that will make them more effective, they also meet the educational requirements that keep them eligible to work.
Get Comfortable With Cost Approach Appraisals
With Marshall & Swift personalized training, you can get all of your appraisers and assessors prepared to support their calculations and leverage modern workflows with confidence.
Our personalized training approach ensures that assessors will walk away from this educational experience prepared to optimize their performance, no matter how complicated the valuation.
Enhance Your Confidence in Property Data
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