Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

3
Posts
1
Votes
Tim Andersen
  • Fairway, KS
1
Votes |
3
Posts

Odd Appraised Land vs Building "Adjustment" in 2010/2011

Tim Andersen
  • Fairway, KS
Posted

Hey all, first of hopefully many posts here on BiggerPockets!  This first one's more just a curiosity with something I noticed recently while looking into the "numbers" in my own neighborhood and my own house in Fairway, Kansas (not that I want to sell or rent my own house at this point...just needed a starting point for "numbers").

Curious about appreciation of my own house, I was able to find a way with the county website to get the last 15 years worth of property value.  So I collected the data in a spreadsheet to better analyze it (maybe there are websites that do this for you but it was easy enough to do on my own for one property).  

Breaking the land vs building values down per year, I found what seems to me to be an odd "adjustment" or "shift" of value from the year 2010 to 2011 where my land value shot up an unusually high amount but my building value lowered by an equal amount, leaving a net change of 0.

The image below shows the situation.  I've "faked" my actual land/building numbers as I'd prefer to not to share my personal home values on the web, but the ratios between land and building are accurate and a good representation of the situation.

So not that it really matters (I think), but I'm just wondering if anyone might know--why the sudden shift in value between land and building?  Has anyone else seen something like this happen with your own properties?  I understand land goes up and down and so does a building's value.  But it seems a little too convenient that the total change levels out to the same value in the end.  There must be something more to this, so just looking for possible explanations which I can't think of.

Thanks!
Tim

Loading replies...