Accurate records of sales and related information should be readily available. The County should modify and improve sales verification and sales list development procedures in accordance with DPT guidelines. Economic Area Evaluation Park County has identified the variables which influence property values of specific neighborhoods and has adequately documented the conclusions reached. The County has also mapped the economic areas and can readily identify the economic area for each property. Subdivision Discounting Analysis of subdivision discounting in Park County could not be completed in a timely manner, as no data was provided.
Recommendations Provide data to enable analysis of vacant land discounting to be completed.
Natural Resource Study Thos. The Colorado Revised Statutes, Article 39, Section 6, and the ARL, Volume 3, provide the guidelines in appraising natural resource property. While all three approaches should be considered, the income approach is most widely used in the valuation of earth or stone. Production and life of the leases were provided by the operator. There are no other sources available to document production.