About Occupancies

Occupancies determine the material assumptions that will be used for the valuation.

Enter the occupancy code and the percentage of the building section that conforms to the occupancy. For example, if you are performing a commercial valuation on a high-rise apartment, enter occupancy code 1200 and a percentage for that code of 100%.  If half of this building is office space, then enter the high-rise apartment at 50%, and the high-rise office at 50%. If you are performing an agricultural valuation on a one story dairy barn with loft – old style, enter occupancy code 102 and a percentage for that code of 100%. If half of this building is office space, then enter the one story dairy barn with loft – old style at 50%, and the office at 50%. You can split the building into as many as five different occupancies as long as the sum of the percentages equals 100%.