Online BOE Training Courses
Income Approach to Value
The purpose of this training session is designed to equip property tax appraisers with an understanding of the fundamental principles of valuing property for ad valorem property tax purposes using the income approach to value. It explains the basic assumptions of the income approach to value and various steps in the valuation process. It discusses capitalization techniques used to derive rates and estimates of value.
In this learning session, instruction is provided through structured reading and illustrated examples in 20 lessons. Additionally, demonstrations are used in certain lessons to show more complex topics, or to tie related subjects together.
Recommended Prerequisites: Course 3, Residential Appraisal Procedures and Online Training Course, Time Value of Money — Six Functions of a Dollar.
Completion of this online training course with a score of 70% or higher on the examination will result in 28 hours of training credit as required by Revenue and Taxation Code section 671 for certified appraisers who are employees of the state, any county, or city and county.
Appraisers who successfully complete this online course and examination must challenge and pass the Course 5, Income Approach to Value examination for credit towards the advanced appraiser certification and to meet the prerequisites for Course 7, Appraisal of Agricultural Property; Course 9, Appraisal of Taxable Possessory Interests; Course 52, Valuation of Restricted (Open-Space) Lands; Course 56, Advanced Sales Comparison and Income Capitalization Approaches; and Course 120, Investment Mathematics in Property Tax Appraisal.