Valuation Record Field Descriptions, Salt Lake County Assessor

The VALUATION RECORD contains all the value estimates for the parcel. All values generated by the cost system, market system, comparable system, income system or field appraisers estimates of value are stored in the VALUATION RECORD. Only one value is selected for assessment purposes. This selection is made by choosing one classification from the Select Source field.

1. VALUE DATE - (#10) This is a date field. (MMDDYYYY) This is a taxable status date. The lien date of the value estimate is placed here.

2. FIELD APPR LAND - (#9) This is a numeric field. (0 - 10000000) This field indicates the land value as determined by the appraiser.

3. FIELD APPR BUILDING - (#9) This is a numeric field. (0 - 10000000) This field indicates the building value as determined by the appraiser.

4. FIELD APPR TOTAL - (#9) This is a numeric field. (0 - 10000000) This field indicates the total appraised value as determined by the appraiser. A cross edit has been developed that assures that Field Appr. Land and Field Appr. Bldg. equals Field Appr. Tot.

5. APPRAISER ID - (#4) This is a character field. This field indicates the number of the Field Appraiser which placed the field value on the parcel.

6. APPRAISAL DATE – (#10) This is a date field. (MMDDYYYY) This field indicates the date the field value was determined. Manually entered.

7. REGRESS LAND - (#9) This is a numeric field. (0 - 10000000) This field indicates the market land value derived from the Mod-Pro regression Model, or from cost tables.

8. REGRESS BUILDING - (#9) This is a numeric field. (0 -10000000) This field indicates the market building value derived from the Mod-Pro regression model.

9. REGRESS TOTAL - (#9) This is a numeric field. (0 - 10000000) This field indicates the total model value. It is the sum of the regress land and regress building.

10. REGRESS MODEL NUMBER - (#3) This is a numeric field. This field indicates the Market Model ID number derived from the Mod-Pro regression model.

11. MARKET REGRESSED LAND – (#9) This is a numeric field.

12. MARKET ADJUSTED RCNLD - (#9) This is a numeric field. This field indicates the total market adjusted cost new less depreciation. This value is generated from the modeling process and derived from Mod-Pro.

13. MARKET ADJUSTED COST - (#9) This is a numeric field. (0 - 10000000) This field indicates the total market adjusted cost. This value is generated from the modeling process and derived from Mod-Pro.
14. MARKET ADJUSTED MODEL NUMBER - (#3) This is a numeric field. This field indicates the model ID Number. This number is derived from Mod-Pro.

15. COST LAND - (#9) This is a numeric field. (0 - 10000000) This field indicates the sum of the land values (from cost or sound value) from each sigma land record that has an income flag of Y or N. Land records with an income flag of S will not be included in this value. This field is computer generated.

16. REPLACEMENT COST NEW - (#9) This is a numeric field. (0 - 10000000) This field indicates the total replacement cost new (from cost). This is computer generated.

17. RCN LESS DEPRECIATION - (#9) This is a numeric field. (0 - 10000000) This field indicates the total replacement cost new less depreciation of all improvements in the residential, the condo, the commercial, and the detached structure record (from cost). When sound values are used, this field includes the sound value. This field is a computer generated cost or when sound value is used, it becomes the RCN and RCNLD for that record.

18. . COST TOTAL - (#9) This is a numeric field. (0 - 10000000) This field indicates the total value (from cost) of both the land and improvements.

19. COST DATE - (#10) This is a date field. (MMDDYYYY) This field indicates the date the computer ran and updated the cost. This date will change each time the parcel is run through cost. It is system generated.

20. LAND TAG USED – (#8) This is a character field.

21. COST TAG USED – (#8) This is a character field.

22. INCOME TAG USED – (#8) This is a character field.

23. DEPRECIATION YEAR USED – (#4) This is a character field.

24. ECONOMIC MODEL NUMBER - (#3) This is a numeric field. This field indicates the model ID number. This number is generated from the Mod-Pro.

25. ECONOMIC INCOME DATE - (#10) This is a date field. (MMDDYYYY) It indicates the date the data was updated in the computer after values are revised from commercial edit process.

26. VALUE FINAL DATE – (#10) This is a date field. (MMDDYYYY) Similar to cost date, this will be filled automatically by the program whenever value finalization is completed.

27. TOTAL INCOME VALUE - (#9) This is a numeric field. (0 - 10000000) This field indicates the total income value of all group records valued by the income system. It comes from the income summary record.

28. ADDITIONAL LAND VALUE - (#9) This is a numeric field. (0 - 10000000) The cost value of the excess land that is added to the “Total Income Value” or land that is being subtracted from the “Total Income Value”.

29. ADDITIONAL BUILDING VALUE - (#9) This is a numeric field. (0 - 10000000) Additional building value of non-income producing structures whose value is added to the “Total Income Value”. This includes the cost value of residential records, detached structures, and groups with income method of "Non Income".

30. ECONOMIC TOTAL VALUE - (#9) This is a numeric field. This is the sum of total income value, additional land value, and/or additional building value. Additional land and buildings may be positive or negative.

31. COMPARABLE ESTIMATE - (#9) This is a numeric field. (0 - 10000000) This field indicates the median of the adjusted sale price from Mod-Pro comparables. It is the value used in Condominium valuations.

32. COMPARABLE SELECTION DATE - (#10) This is a date field. (MMDDYYYY) This field indicates comparable selection date from Mod-Pro comparables. System generated.

33. SELECT LAND VALUE - (#9) This is a numeric field. (0 - 10000000) This field indicates the land value based on the select source chosen. It is automatically filled in by the computer. The select land value is always the cost land value for all select sources other than “AP”.

34. SELECT BUILDING VALUE - (#9) This is a numeric field. (0 - 10000000) This field indicates the building value based on select source chosen. It is automatically filled in by the computer.

35. SELECT VALUE - (#9) This is a numeric field. (0 - 10000000) This field indicates the sum of select land value and select building value. It is automatically filled in by the computer.

Note: The selected values are chosen from among the following choices. Each choice is an approach to value that can be used to help determine the fair market value.

36. SELECT SOURCE – (#2) This is a list field. This is a code identifying the source of selected value. The classifications are:

AP Field Value
CS Cost
MA Market Adjusted Cost
RG Regression
CP Comparables
IN Income

37. LAND FACTOR – (#7.3) This is a numeric field. This field indicates the land factor used in non reappraisal years. Salt Lake County does not presently use this field. The calculation is not performed automatically by the computer program.

38. BUILDING FACTOR – (#7.3) This is a numeric field. This field indicates the building factor used in non reappraisal years. Salt Lake County does not presently use this field. The calculation is not performed automatically by the computer program.

39. VALUE MEMO – (#2000) This is a character field. It is located on the tool bar. This is a protected Memo field. It is not available to the general public.

VALUATION ADJUSTMENT SUB-RECORD
(#’s 40 – 43)
The Valuation Adjustment that is made to the computerized selected values is entered in the appropriate fields. The appraiser identifies if the adjustment is permanent or temporary; identifies the adjustment reason from a list of classifications; and identifies a dollar or percentage amount of the adjustment.

Note: Negative dollar adjustments may be made. For percent adjustments, 100 percent good is assumed as the base. Therefore if a 10 percent reduction is desired, the percent adjustment field will read 90% good.

40. ADJUSTMENT TYPE – (#1) This is a list field. Use permanent for a condition that will not change, and cannot be corrected by correcting SIGMA data. The classifications are:

P - Permanent
T - Temporary

Note: The Adjustment Reason classification code will always remain the same, even though the definition will change as needed.

41. ADJUSTMENT REASON – (#2) This is a list field. The classifications are:

AC - Access
AV - Alta View
MH Mkt Adj
BD - Asbestos
BT - Floor Plan
CA - 2000 Comm Adjustment
CD - Court Appeal
CM - Economic
CN - Condition
CS - Condo Factor
CY - Canyon 2000
EB - Extra Buildings
EL - Function Curable
EP - Function Incurable
EV - Hazard Waste
FI - Fire
FR - Field Review
GR - Grade
HH - 2000 Adjustment
HR - County Appeal
HS - 2000 Adjust B
HT - 98Canyon Factor
IC - 97 Canyon Factor
IE - Leasehold
II - Inadequate Improve
IM - Model Adj Bldg
IU - 97 B of E
JY - Land Adjustment
LL - 98 Adjust 2
LS - Rent Loss
MD - Model Adjustment
MM - See Memo
MP - Odor
NA - Neighborhood Adjust
NB - Noise
NC - Non Conformity
NL - 99 Sandy Factor
OB - Over Built
OI -
PC - Personal Property
PN - 98 Adjust 4
PX - 511
QT - 99 Canyon Factor
RS - Restriction
SI - STC Appeal
SM - Size
SS - 99 B of E Adjustment
SV - Sound Value
TO - CM Trans Adjustment
TR - Traffic
UB - Under Built
UN - Unique Property
VW - View
WC - Water Hazard
WR - 98 Adjust 7
WT - 98 Adjust 10

42. ADJUSTMENT AMOUNT - (#9) This is a numeric field. (0-10000000) It accepts dollar adjustments for a previously selected adjustment reason. This should allow for either positive or negative amounts to be added or subtracted. Decreases in value may be made in the adjustment percent field, or the adjustment amount field.

43. ADJUSTMENT PERCENT - (#4.1) This is a numeric field. (0-500) This field accepts negative and positive adjustments expressed as a percentage. 100% good is assumed as the base. A 10% decrease in value is expressed as 90% good.

44. LAND VALUE - (#9) This is a numeric field. (0 - 10000000) This value indicates the final land value after all adjustments have been applied. Data processing moves this value to “Truth in Taxation and Tax Notices”.

45. BUILDING VALUE - (#9) This is a numeric field. (0 - 10000000) This value indicates the final building value after all adjustments have been applied. From this field, data processing moves this value to “Truth in Taxation and Tax Notices”.

46. FINAL VALUE - (#9) This is a numeric field. (0 - 10000000) This field indicates the final value after adjustments set in value finalization. From this field, data processing moves this value to “Truth in Taxation and Tax Notices”.

47. GREENBELT VALUE - (#9) This is a numeric field. This field indicates final combined greenbelt value from all land segments that represent the greenbelt values. From this field, data processing moves this value to “Truth in Taxation and Tax Notices”.

48. PRIOR LAND VALUE - (#9) This is a numeric field. (0 - 10000000) Salt Lake County updates this value each May with that years final values.

49. PRIOR BUILDING VALUE - (#9) This is a numeric field. (0 - 10000000) Salt Lake County updates this value each May with that years final values. This value indicates all improved values from all Records.

50. PRIOR FINAL VALUE - (#9) This is a numeric field. (0 - 10000000) Salt Lake County updates this value each May with that years final values. This value indicates the total value of the land and improvements from all Records.

51. TAX RATE – (#10) This is a character field. Salt Lake County may use this field to store the actual tax rate for the area in which this parcel is located.

Note: The percent change fields below assume 100% as the base. Changes from prior year, whether up or down, are displayed in relation to the base. For example, a value which increased 5% over the prior year would be displayed as 105% (of last years values) No change from the prior year would be displayed as 100%