Property Data System now Calculates Time Adjustments
Date Posted:
Real Property Assessors need to adjust the sale prices for market appreciation or depreciation to the effective date of appraisal. The need was there, and recently the LOGIS Property Data system (PDS) was enhanced to include this feature.
Time adjustment is not really an adjustment based on the passage of time; rather it is the relationship between supply and demand which has changed over time. Programs and reports were modified giving assessors the ability to input both a percent change and a time period to automatically report these adjustments.
read moreIf you like what you're reading, please subscribe to this blog.
Category: Property Data