Course Description

The Principles and Theory of Value course is designed to provide students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant and improved properties. This course concentrates on the skills necessary for estimating the market value of properties using two approaches to value: the cost approach and the sales comparison approach.

Student Expectations
This course includes 30 hours of classroom instruction during which students will be expected to participate in discussions, group activities, and coursework that may include but is not limited to reading, homework problem solving, etc. both during and outside classroom hours. There is also an exam at the end of the course for which the student should be prepared.  
Education Credit
Successful completion of this course provides 30 hours toward certification/continuing education for Class I or Class II Assessors (N.D.C.C. 57-02-01.1). Twenty-seven hours are allowed as continuing education for attending the course if the exam is not taken. The exam must be taken to receive certification credit.

Course Schedule
Monday, November 15
8:00 – 8:30 Registration
8:30 – 5:00 Instruction

Tuesday through Thursday, November 16-18
8:00 – 5:00 Instruction

Friday, November 19
8:00 – 9:00 Review
9:00 – 12:00 Test

Textbook and Supplies 
Supplies necessary for the course include a calculator, mechanical pencils, highlighters, and notepaper. NOTE: Please bring a noiseless calculator to use for the exam. Cell phones/laptops/tablets etc. will not be allowed to be used as a calculator.

The IAAO textbook titled “Property Assessment Valuation” (PAV) is a good reference textbook to have for this course. The textbook can be purchased online at

Location and Accommodations
The course will be held at the Quality Inn, 1030 Interstate Ave., Bismarck. For overnight accommodations, make reservations directly with the Bismarck Quality Inn by calling 701-223-1911 or call the nationwide toll-free number 800-258-5150. Inform the reservationist that you will be attending the North Dakota Tax Department course at the Quality Inn.

Course Instructor
Kevin Ternes, CAE, ND Certified General ND CG 2003. Kevin has 30 years of experience in assessment and appraisal of residential and commercial property that includes statistical analysis, model design, and calibration.  Kevin earned the designation of Certified Assessment Evaluator from the International Association of Assessing Officers and is a Certified General Real Property Appraiser licensed by the state of North Dakota.


Please remit payment prior to the course to:
Carla Broadland, NDAAO Treasurer, Wahpeton City Assessor’s Office, PO Box 490, Wahpeton, ND 58074-0490.  

There will be no refunds made to registrants who cancel; only substitutions will be accepted, unless approved by the North Dakota Association of Assessor’s Board President and Education Committee Chairperson

Disclaimer: There are many uncertainties and debates about the details of COVID-19. We will do our best to protect you using guidelines set forth by the CDC. We ask that you, as a student of this class, use common courtesy and personal responsibility while attending.

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* 1. Enter your registration information below:

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* 2. Course fee is $200 for NDAAO members and $230 for Non-Members. Are you a NDAAO member? To become a NDAAO member, go to