Mass Appraisal Value By Method Table

[In Development]

Overview

The MA Method defines how property Mass Appraisal values are calculated.

Table Name

Business Entity CAMA Property Information form using the MA_MASTER table.

Code	Method in Use	Description	Fields	Expected Results
1	Cost / Cama	Based on cost to rebuild. Inventory of physical items	Land Value	sum of all land records
			Building Value	sum of all buildings records + sum of all misc structure records
			Total	Land value + Building value
2	Comparable Sales	Based on the comparison …	Total Value	Comparable sales total value
			Land Value	Sum of all land records
			Building Value	Total Value – Land Value
			Total	Comparable sales total
8	Market Approach MRA	Based on market analysis of specific factors property and economic characteristics	Total Value	sum of all MRA records (value returned by table or integrated 3rd party (i.e. WPG)
			Land Value	Sum of all land records NOT included (linked) in MRA
			Building Value	Total Value – Land Value -Often called Building Residual
4	Income GRM	Based on Gross Revenue Multipler Income value	Total Value	sum of all income record value
			Land Value	sum of all land records NOT included (linked) in Income
			Building Value	Total Value – Land Value Often called Building Residual
3	Income DIR	Direct Capitalization Rate	Total Value	sum of all income record value
			Land Value	sum of all land records NOT included (linked) in Income
			Building Value	Total Value – Land Value Often called Building Residual
6	C.A.M.A. BR	C.A.M.A. (Building Residual)		CAMA Building Residual (CAMA BR) Using this method, the Building Value , as calculated on the Building Structural Elements and Features form becomes the Total Value of the parcel. From this total the Land Value and the Miscellaneous Structures Value are subtracted and this result becomes the Building Residual .
L	Land Only	Land Only	Total Value	sum of all land record value. Note Automated in WPG when the total value of a property is less than 2000
			Land Value	sum of all land record value
			Building Value
9	Income 21st Century
C	Proposition 13 California