Continuing Education: 2
Level: Fundamental | Available
Level: Fundamental | Available
WEBRP114 - Market Analysis and Highest and Best Use Analyses in Ad
Valorem/Mass Appraisal of Commercial and Industrial Properties
Registration Pricing:Please check the Upcoming Classes
tab for registration rates and pricing deadlines.
Description: This program will provide two main focal
points that are conducted throughout a ad valorem/mass appraisal
assignment/project. The first half provides an introduction to why market
analysis is essential to an assessment cycle and the types of market analysis
that may be performed for the ad valorem/mass appraisal professional (i.e.,
assessment professional). Much market research and analysis is necessary
for this area of expertise and is required contemporaneous, and often prior to,
performing any highest and best use analyses. The second half of the
program will focus on the tests required to study land “as vacant”, developing
an opinion of the “ideal improvement” and studying the property “as
Learning Outcomes: Upon completion of the course students will be able to:
Micheal R. Lohmeier, FASA, MMAO(4), MAI, SRA,
RESMicheal R. Lohmeier, FASA, MMAO(4) is a high energy, versatile and results-oriented senior professional having significant expertise in valuation, property taxation, public administration, and organizational development. He is a highly proficient administrator and communicator with considerable aptitude in budget and finance, organizational development, intergovernmental relations, property tax laws and exemptions, and public administration. His background demonstrates an accomplished and superior leadership, knowledge, skill and ability, and commitment in providing the highest quality of professional property tax service to the public.
Mr. Lohmeier’s professional valuation and property tax experience spans over twenty years and includes increasingly responsible positions that have demanded his time, attention, and a highly sensitive articulation to detail. He has served in both public and private practice and was a former Tribunal Member with the Michigan Tax Tribunal, the state’s highest tax court.
He currently serves as the City Assessor for the City of Auburn Hills where he prepares its annual assessment roll using mass appraisal techniques. His work includes preparing valuation disclosures and testifying to the Michigan Tax Tribunal as well as working on the City’s Business Assistance Team, which includes his involvement on all tax incentive related initiatives (i.e., abatements and exemptions).
Prerequisites: Basic understanding of principles and procedures of valuations and fundamentals of the ETHICS and COMPETENCY RULES of the Uniform Standards of Professional Appraisal Practice.
Course Audience: Assessment professionals and any professional that is involved in mass appraisal, including those that seek to review and/or understand how mass appraisal reflects the conditions of local market conditions. Participants will also recognize that ad valorem/mass appraisal specialists consider highest and best use, depending on the scope of work of the assignment, for developing values associated with commercial and industrial properties.
Questions? Contact ASA's eLearning Manager.