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the units may be used instead of actual sale price, when the <br /> latter is not available. <br /> The appraisal by cost approach shall be generally <br /> consistent with the rates reflected in the "Residential" <br /> section of the schedule of values. The schedules are <br /> intended as a guide only. <br /> Procedure for Appraisal: <br /> Probably, as indicated earlier, the most convenient <br /> starting point in the condominium appraisal is the register <br /> of deeds office. Any appraisal requires a full and accurate <br /> understanding of the property being appraised, the <br /> condominium declaration, association by-laws, appendent <br /> maps, and sales data. <br /> In Non-Revaluation Years: <br /> The final tax appraisal should demonstrate reasonable <br /> equity when compared to assessments of properties which are <br /> similar in character, location and then current values. To <br /> accomplish this result, the appraiser must carefully examine <br /> the sales data of the condominiums being appraised, then the <br /> same type of information should be gathered and analyzed for <br /> closely comparable properties. <br /> Using a similar method (as illustrated for sales <br /> comparison) an analysis of quality/market factors for <br /> properties comparable to the condominium units should prove <br /> useful in properly categorizing the units according to the <br /> appropriate building schedule, as identified herein. When <br /> the above process is followed, consideration for quality of <br /> construction, location of unit (within the development) , <br /> market and marketability and other pertinent factors may be <br /> translated into equivalent rates reflected in the schedule <br /> of values. <br /> In estimating the value of the common land and <br /> improvements, the existing schedules of value should be <br /> employed in the same manner as for other developed <br /> properties in the County. There is no justification for <br /> deviation from the schedules in a non-revaluation year. If <br /> there should be no applicable classification for the type of <br /> land being appraised, the same requirement for equity exists <br /> as for improvements and may also be realized in the manner <br /> previously discussed. Once the common areas and <br />