This valuation module is designed as a tool to enable the assessor to derive market values on golf courses.  It is not meant to replace the assessor’s judgment.  The methods presented in this valuation module are aimed at deriving values for a range of golf courses with typical attributes and under typical conditions.

As golf courses are unique properties, both in their design features and location, appraising them for assessment purposes is a difficult task.  There are many types and qualities of golf courses containing a variety of clubhouses that can range from simple meeting facilities to elaborate halls used for banquets.  These variances add to the playing appeal of the courses, but make direct comparisons difficult and complicate their valuation.

This module addresses all types of golf courses which include:

• Executive
• nine-hole
• regulation
• championship

but does not include:

• driving ranges,
• mini-putt, and
• pitch and putt or Par 3 courses.