Joseph Gomeztagle
Executive Director
Operation TEN
St. John, IN
Maurice M. Eisenstein
Political Science Professor
Purdue University Calumet
Hammond, IN
Jeffrey Held
Computer Programmer Munster, IN
Dan Jordan
Master Marketing/Jordan Realty
Crown Point, IN
Ranjan Kini
Professor of IMS
Indiana University Northwest
Gary, IN
Steve Munsey
Senior Pastor
Family Christian Center
Munster, IN
Greg Salvatore
Director of Business Development
Midwest Business and Economic Research Group, LLC
Schererville, IN
J.B. Smith
Senior Attorney
Beckman Kelly & Smith
Hammond, IN
Dave Van Dyke
President
Precision Construction
Highland, IN
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| Abstract - To reduce a legal description of a property to another form; also, to identify a property from its legal description. |
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| Abstraction method - A method used to estimate the value of property from a knowledge of normal net income, discount rate, remaining economic life of the property, value of the building, and income path attributable to the building, income path attributable to land. The method estimates total value by discounting the income stream attributable to the land and adding the result to an independent estimate of the value of the building. Also called land residual technique. |
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| Accrued depreciation - The amount of depreciation, from any and all sources, that affect the value of the property in question. |
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| Adaptive estimation procedure - A computerized procedure using properties for which sales prices are known to produce a model that can be used to value properties for which sales prices are not know. |
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| Additive model - A model in which the dependent variable is estimated by multiplying each independent variable by its coefficient and adding each product to a constant. |
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| Address - (1) In a computer file, a specific juncture of circuits in computer machinery at which information is stored in the from of magnetic polarities. (2) Also, the name a programmer uses to refer to such a juncture. In a file of human-readable information, one must establish rules about whether and how to record various relevant addresses, including the site address, owner' address, and mortgagee's address. |
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| Adjusted sale price - The sale price that results from adjustments made to the stated sales price to account for the effects of time, personal property, financing, or the like. |
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| Adjustments - Modifications in the reported value of a variable, such as sale price or gross income, such that the adjustments can be used to estimate market value; in the sales comparison approach , for example, by adjustment for differences between comparables and subject properties. |
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| Ad valorem tax - A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and the like, the property tax is an ad valorem tax. |
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| Age/life method - A method of estimating accrued depreciation founded on the premise that, in the aggregate, a neat mathematical function can be used to infer accrued depreciation from the age of a property and its economic life . |
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