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Computer Assisted Mass Appraisal (CAMA)
The DEVNET CAMA System was developed as an appraisal toolkit and may be utilized as a fully integrated tool in conjunction with the Property Tax Administration System, or as a stand-alone application.
The DEVNET Edge® CAMA solution offers the following features:
- Compliant with USPAP and IAAO standards
- Cost, market and income approaches to value for land and buildings
- Cost approach allows multiple building cost options including Marshall & Swift®, state specific cost manuals and other user-defined cost tables
- Flexible market analysis utilizing multiple regression
- Feature rich comparable property search
- Income approach calculates gross potential income, net operating income, gross rent multiplier, cap rate and more
- Study builder and equation builder options allow for a customized income approach
- Seamless interface between APEX Sketch® and DEVNET Edge® building cost module
- Full imaging functionality
- Extensive sales ratio analytical tools including land and building studies and statistical graphing
- Seamless land records integration eliminates sales data entry redundancy
- Field data collection designed for use with TabletPCs or other hand-held field devices allows user-checkout and real-time wireless connectivity
- GPS, laser measuring tools, and a variety of other tools available for use with field devices
- Electronic PRC customizable for each jurisdiction
- Paperless office options
- Wide array of reporting capabilities
- GIS integration
- Web based inquiry
The DEVNET Edge® CAMA solution allows users to determine and store values per parcel or group of parcels from multiple approaches, allowing various forms of analysis and reports to be generated before creating a current year assessment record within the system.
Replacement Cost Approach
- Compatible with any appraisal manual
- User customizable attribute tables
- Flexible user interface designed for fast, accurate data entry
- Attributes from multiple property uses allowed for one structure
- Integrated with the Apex® Sketch for automatic structure entry
- Structure and attribute level depreciation and factoring
Sales Comparison Approach and Comparable Search
- Comparable property identification through a wide array of query options
- Multiple regression analysis with user definable variables and weighting
- Multiple comparison studies can be saved for each subject property
- Comparable studies can be run using only assessment data for areas without adequate sales
- Assessed value can be generated and applied using the comparable approach
- Multiple regression analysis can be run for groups of subject properties such as an entire neighborhood or subdivision
- True mass appraisal functionality can generate value for single property or entire groups of properties, including subdivisions, neighborhoods, or cities
- Land valuation derived from sales on a square foot, front foot, acreage, or site basis
- Allows multiple land valuation types per parcel
Income Approach
- Based on IAAO practices and guidelines
- Tracks gross potential income, net operating income, gross rent multiplier, cap rate, and more
- Allows unlimited income studies per parcel
- Study Builder allows users to easily define their own types of income studies
- Users decide what data is tracked and important to them
- Equation Builder allows for point-and-click definition of net operating income for a study
- Track unlimited additional types of income and expenses per type of study
- Extensive reporting capabilities
Sales Ratio Analysis & Indexing
- Detailed sales information tracking
- Sales data can be imported from the DEVNET document recording system
- Extensive analysis capabilities with general and land ratio studies
- Index and depreciation studies
- Equalization and neighborhood factor studies
- Multiple year studies
- Manual or automatic sales trending
- Permanent storage of any ratio study by study year
- Extensive reporting and graphing capabilities
Sketching, Imaging and Reporting
- DEVNET CAMA utilizes the industry standard Apex® Sketching Software
- Structures and select attributes are automatically appraised after sketching
- Parcel imaging system attaches digital photography and scanned documents to any property
- Electronic property record card summarizes data from appraisal and property tax systems
- Property record card is customizable for each appraisal manual and client
- Wide array of reporting options throughout the DEVNET appraisal system
- User defined reporting available via Crystal Reports© or other Windows reporting tools
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