Courses list

Wersja polska

Course code: IGS20435o12
Semester: 2012/2013 winter
Name: Appraisal of Special Properties
Major: Geodesy and Cartography
Study Type: second cycle
Course type: compulsory
Study Semester: 2
ECTS points: 6
Hours (Lectures / Tutorials / Other): 30 / 30 / 0
Lecturer: dr inż. Edward Sawiłow
Language of instruction: Polish / English
The course in English will be available if a minimum of 6 students sign up for a group. If less than 6 students sign up for the group, the course will be available in Polish with the possibility of individual support in English.

Learning outcomes: After the course completion, the student is familiar with the basic methods of property value modelling for the purposes of mass appraisal, in particular the common property taxation. Is familiar with the principles of the valuation of properties left behind outside the Republic of Poland (after the change of Polish borders), properties expropriated to build public roads, properties located over mineral deposits, for the purposes of providing security for financial liabilities, for financial statements and for urban development planning needs. Knows how to prepare models of common property taxation, how to draw up property appraisal documents for specific and special purposes.

Competences: The student understands social and economic phenomena at the property market. Understands the role and responsibility of a property appraisal expert in fostering economic development.

Prerequisites: Mathematics, Statistics, Legal Bases of Property Management.

Course content: Elements of the theory of statistical set testing of properties. Property price probability distribution. Descriptive statistics. Confidence intervals for the average property price and price variances. Econometric model of a property value and its elements. Property tax, tax on property value. Mass appraisal. Legal basis of the common property taxation in Poland. Representative property, taxation maps and tables. Determination of cadastral values in the common property taxation process. Role and responsibilities of a property appraisal expert in the common property taxation process. Valuation of limited property rights (iure in re aliena). Usufruct. Easement of land, personal easement, utility easement. Pledge. Cooperative member's ownership title to an apartment. Mortgage. Valuation of contractual obligations. Rent, lease. Lending for use. Annuity. Valuation for the purposes of providing a security for a liability, including the determination of a bank mortgage value of a property. Valuation of a property left behind outside the contemporary borders of the Republic of Poland. Determination of the value of expenditure incurred in relation with a property. Valuation of a property expropriated or designated to be expropriated for public roads. Valuation of a property for land development needs. Appraisal of a property located over mineral deposits. Valuation of a property expropriated or designated to be expropriated for technical infrastructure. Determination of the value of damage caused by the construction of underground and overground infrastructure. Valuation of properties treated as investments and fixed assets within the understanding of the Accounting Act.

Recommended literature: Sawiłow E., 2004, Zmodyfikowana metoda powszechnej taksacji nieruchomości, Materiały Konferencji Naukowo - Technicznej „Procedury prawne, organizacyjne i technologiczne powszechnej taksacji nieruchomości”, Olsztyn. Sawiłow E. 2010, Wycena nieruchomości, (unpublished manuscript), Wrocław. Telega T., Bojar Z., Adamczewski Z.: 2002, Wytyczne przeprowadzenia powszechnej taksacji nieruchomości, Przegląd Geodezyjny nr 6. Property Management Act of 21 August 1997. Regulation of the Minister of Justice of 29 June 2005 on the common property taxation. Powszechne Krajowe Zasady Wyceny, PFSRM, Warszawa 2011.

Assessment methods: mandatory credits for the tutorials, oral, written or test-based examination

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