Unit 1 Introduction to County Assessor's Office (18 hours)
This unit is the first required course for the employees of the County Assessor's office that value property, including the Assessor and Deputy. Students are taught how an appraisal program should be managed and administered. Different types of property value are covered with emphasis on the definition of market value and the difference between market value and market price. The appraisal process is covered in this course to include a comprehensive study of the three approaches to value.
Unit 2 Real Property Appraisal (21 hours)
This course along with Introduction to County Assessor's Office constitutes the required initial accreditation curriculum required for selected personnel in the Assessor's office. This course covers theory and techniques of estimating value by both the cost and sales comparison approach. The material includes a section discussing various land locational systems, parcel identification, and a brief discussion on how to use various maps. It also includes the five different methods of land valuation and the use of different types of tables. The cost approach is treated in depth including he estimation of depreciation.
Unit 3 Mass Appraisal (21 hours)
The mass appraisal course is designed for practitioners who either work in the Assessor's office or are involved in the valuation of property for Ad Valorem tax purposes. The course consists of detailed instruction on methods of valuation used in mass appraisal, how to delineate neighborhoods, both specific and general data needed and how it is used in the mass appraisal process. It also provides understanding and experience in statistical procedures used to analyze data for an assessment/sales ratio study. Successful completion of the Introduction to County Assessor's Office and Real Property Appraisal courses are prerequisites for this course.
Unit 4 Income Approach to Value (18 hours)
This course covers the theory and techniques of estimating value by the income or capitalization approach. The material includes determining market rent, allowable expenses, net income, income multipliers, and capitalization rates. Also included is an analysis of income and expense statements. The students are required to work on a case study applying the principals covered in the program.
Unit 5 Personal Property Valuation (15 hours)
This course reviews the purpose and scope of personal property, the function and authority of the County Assessor, and examines the due process procedure. Topics included in the personal property assessment process are discovery, identification, inventory, determination of situs, and the nature and extent of value. A detailed examination of the different classifications of personal property specific to the state of Oklahoma is included. The course concentrates on applying the valuation procedures relevant to personal property.
Unit 6 Mapping (Cadastral) (18 hours)
This unit covers the land identification systems (metes and bounds, rectangular survey and coordinate) commonly used in Oklahoma. Also covered are parcel identification systems (sequential numbering, geocode, map based) used to assign each tract of land in Oklahoma a unique number. This program goes into ownership data gathering, map sources, mapping equipment, base maps, conveyances, acreage calculation, and mapping administration. A comprehensive case problem allows application of principles learned in the class.
Unit 7 Agricultural Land Valuation (10 hours)
This unit covers the methodology prescribed by statue on the valuation of agricultural land for Ad Valorem tax purposes in Oklahoma. Emphasis is placed on data collection, sources, screening and confirmation. Valuation using a weighted combination of sales and capitalization rentals is discussed and applied in a comprehensive case study. This course consists of seven hours of classroom instruction and a three hour exam.