Form 621 - Stc Calculator Cost Computation Sheet (S.f. Costs)
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1
2This form is issued under the authority
Michigan Department of Treasury
621, Formerly L-4104 (Rev. 10-91)
of P.A. 141 of 1986, Section 211.10e.
Filing is voluntary.
STC CALCULATOR COST COMPUTATION SHEET (S.F. COSTS)
OWNER
TENANT
PROPERTY CODE
1.
TYPE
YEAR BUILT
YEAR REMOD.
% GOOD
CAL PAGE
PROPERTY ADDRESS
2.
COUNTY
UNIT
EXAMINED BY
DATE
3.
SECTION l
SECTION ll
SECTION lll
SECTION lV
4.
Occupancy ........................................
Cls.
Qual.
Cls.
Qual.
Cls.
Qual.
Cls.
Qual.
5.
Building class and quality .................
6.
Exterior wall ......................................
No.
Ht.
No.
Ht.
No.
Ht.
No.
Ht.
7.
No. of stories & height per story .......
8.
Average floor area ............................
9.
Average perimeter ............................
Blt.
Remod.
Blt.
Remod.
Blt.
Remod.
Blt.
Remod.
10.
Year built, year remodeled ...............
%
%
%
%
11.
Percent condition ..............................
SECTION l
SECTION ll
SECTION lll
SECTION lV
12.
Base Square Foot Cost .....................................................................
SQUARE FOOT REFINEMENTS
13.
Heating, cooling, ventilation ...................................................................
14.
Elevator deduction .................................................................................
15.
Miscellaneous ........................................................................................
16. Total lines 12 through 15
HEIGHT AND SIZE REFINEMENTS
17.
Number of stories-multiplier ..................................................................
18.
Height per story-multiplier (see line 7) ..................................................
19.
Floor area-perimeter-multiplier (see lines 8 and 9) ...............................
20. Combined height and size multiplier (lines 17 x 18 x 19)
FINAL CALCULATIONS
SECTION l
SECTION ll
SECTION lll
SECTION lV
21.
Refined square foot cost (line 16 x 20) ...............................
22.
County multiplier .................................................................
23.
Final sq. ft. cost (line 21 x line 22) ....................................
24.
Area (Back of this form) ......................................................
25.
Line 23 x line 24 .................................................................
26.
Lump sums (line 35, back of sheet) ...................................
27.
Reproduction/Replacement Cost (line 25 + line 26) ...........
28.
Physical Depreciation multiplier (Assessors Manual) ........
29.
Functional obsolescence multiplier (Percent Good) ...........
30.
Economic obsolescence multiplier (Percent Good) ............
31.
Depreciated Cost (Multiply line 27 x 28 x 29 x 30) .............
32.
Economic Condition Factor (E.C.F.) ..................................
33.
True Cash Value ................................................................
TOTAL OF ALL SECTIONS
34. Reproduction/Replacement cost
Depreciated cost
True Cash Value
See back of form for drawings and area and lump sum value calculations.
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