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State Tax Commission
MAO Class Form (919)Index 27104206State Tax Commission Michigan Advanced Assessing Officer
Commercial Industrial Valuation Self-paced Course
Student Registration Form
The State
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How to fill out commercialindustrial real property valuation
How to fill out commercialindustrial real property valuation
01
Gather all necessary information about the commercial/industrial real property, such as its location, size, and age.
02
Determine the purpose of the valuation, whether it is for buying/selling, taxation, financial reporting, or other legal purposes.
03
Research and analyze comparable properties in the market to assess the property's value using methods like sales comparison, income capitalization, or cost approach.
04
Consider any unique characteristics or features of the property that may affect its value, such as improvements, zoning restrictions, or environmental factors.
05
Use valuation software or hire a professional appraiser to calculate the property's estimated value based on the gathered information and analysis.
06
Review and double-check the valuation report to ensure accuracy and compliance with applicable regulations and standards.
07
Present the valuation report to the intended audience, such as clients, lenders, investors, or government authorities, as required.
08
Keep the valuation report on record for future reference or when updates or reassessment are needed.
Who needs commercialindustrial real property valuation?
01
Property owners who want to determine the market value of their commercial/industrial property for selling or refinancing purposes.
02
Buyers or investors who require a professional assessment of a commercial/industrial property's value before making a purchase or investment decision.
03
Banks, lending institutions, or mortgage companies that need accurate property valuations as part of their loan approval process.
04
Insurance companies looking to determine the insurable value of commercial/industrial properties for insurance coverage purposes.
05
Real estate developers who need valuations for land acquisition, property development, or feasibility studies.
06
Government agencies or municipalities for property tax assessments and determination of fair market value.
07
Legal professionals involved in litigation, property disputes, or estate planning that require unbiased property valuations.
08
Accountants or financial professionals for financial reporting, portfolios, or investment analyses.
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What is commercial/industrial real property valuation?
Commercial/industrial real property valuation is the process of determining the value of commercial and industrial properties, such as office buildings, warehouses, and factories, for tax or financial purposes.
Who is required to file commercial/industrial real property valuation?
Owners of commercial and industrial properties are required to file commercial/industrial real property valuation.
How to fill out commercial/industrial real property valuation?
Commercial/industrial real property valuation can be filled out using the appropriate forms provided by the local tax authority and by providing accurate information about the property.
What is the purpose of commercial/industrial real property valuation?
The purpose of commercial/industrial real property valuation is to determine the taxable value of commercial and industrial properties for tax assessment purposes.
What information must be reported on commercial/industrial real property valuation?
Information such as property address, size, condition, improvements, and recent sales data must be reported on commercial/industrial real property valuation forms.
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