10/11/1972 - Laserfiche WebLink

Home Browse Search

structures (including homesteads) and exempt real property structures, and the above mentioned personal property items, together with appraisal of new structures, additions, alterations, and photographs as mentioned hereinafter within Indian River County, and to perform the mapping required, NOW THEREFORE, for and in consideration of mutual promises and agreements herein contained, the COMMISSION hires, employs, and contracts with the CORPORATION, and the CORPORATION accepts said hiring and employ - meat and contracts with'the COMMISSION, all upon the following terms and con- ditions hereby agreed upon, to wit - SECTION I REVIEW AND UPDATING OF BUILDING VALUES, MAPPING AND GENERAL MAINTENANCE A. BUILDING COST INDEX: The CORPORATION shall make necessary studies and analyses to determine the present building cost index in Indian River County with a high degree of accuracy. B. REVIEW OF CLASSIFICATION AND DEPRECIATION: Each and every building (including homesteads) in Indian River County shall be viewed by competent personnel of the CORPORATION, with adjustments being made in classification and depreciation when and wherever justified. It is understood and agreed such work will not necessitate actual contact with the occupants of any property unless the CORPORATION'S personnel and/or the Assessor feel that such an inspection of the building is advisable in order to properly evaluate same. However, if in the course of the inspection changes which affect value are discovered, these shall be properly recorded on the property record cards. C. VALUATION METHODS TO BE EMPLOYED In the main, buildings and other improvements shall be appraised by the depreciated replacement cost method. A careful check and com- parison arison shall be made of property summation values with recent sales sm Book 15 LUU u1