Course Descriptions

Partial Interests and Taxable Leaseholds

Real estate transactions are routinely affected by conditions where some, but not all, of the property rights are transferred, such as sales of leased fee estates, sales of partial interests, and bifurcated property rights. Additionally, when certain exempt properties are leased to a private party, that act can generate a leasehold assessment.

This course will prepare assessors for when they come across properties with partial interests or taxable leaseholds. After completing the course, students will be able to:

  • Identify partial-interest sales and address them in the valuation process.
  • Review taxable leaseholds and value for property tax purposes.
  • Spot common errors in the approaches to these two conditions that will be made by other valuation professionals who are unfamiliar with the legal requirements of the property tax code.
  • Defend such valuation decisions before adjudicating bodies.

Hours: 15 CE Hours
Category: Commercial

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