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On Monday, November 11, the IPAI in partnership with Township Officials of Illinois, will hold a one-day course at the TOI Educational Conference in Springfield. This is a special offering available only to attendees of the TOI conference. CIAO designation holders will earn 7.5 CE hours (seminar) for attending. Register by contacting the TOI office: 217-744-2212.
When using the income approach to estimate the value of real estate one of the components that will need to be determined by the assessor/appraiser is the capitalization rate. This workshop will explore the difference between capitalization rates used in direct capitalization and a yield rate used in yield capitalization. We will discuss the difference between an overall capitalization rate, a land capitalization rate and a building capitalization rate along with some other common terms used in capitalization rates discussion such as unloaded versus loaded capitalization rates, terminal capitalization rates.
