Appraisal Journal articles from January 1997

Appraisal Journal archives from January 1997

Seeking equity in the ad valorem taxation of anchor department stores.
January 1, 1997... Recent events have caused the values of much commercial real estate to decline in relation to residential property. The Tax Reform Act of 1986, capital-driven excess construction following thrift deregulation, liquidations by the federal banking...

Is the real estate appraiser's role too much to expect?
January 1, 1997... This article argues for the need to restore appraiser independence, a traditional role being subverted by client pressure. Statistical analysis and conclusions are presented from 292 responses from a nationwide survey of 800 randomly selected...

Least squares versus least absolute value in real estate appraisals.
January 1, 1997... Since the early 1980s, the application of the multiple regression technique to real estate appraisal has been increasing. Although this method was being used as early as 1926, this approach has only recently become popular with the proliferation...

Logical steps in property valuation.
January 1, 1997... A successful appraiser with 25 years of experience, John Garmony of the Australian Institute of Valuers and Land Economists, once said, "Every valuation presents a different problem." According to R. T. M. Whipple of the Department of Property...

New light construction technologies for residential and small commercial buildings.
January 1, 1997... Construction technology, like any other endeavor, is a product of supply and demand. Builders, investors, lenders, buyers, and appraisers may be surprised by how rapidly technologies commonly used in aeronautical, defense, commercial, and...

Partitioning and the valuation process.
January 1, 1997... Distressed real estate markets have led to distressed appraisers. As markets have collapsed, first in the "oil patch," then in the Northeast, and finally in California, appraisers have been struggling with the problem of valuing properties in...

The principle of rank substitution.
January 1, 1997... Adjusting comparable data for variance is problematic. No matter how appraisers approach the institutionalized adjustment process, invalid adjustments occur. Leaping assumptions arise when appraisers adjust for their perceptions of what buyers...

Special benefit/proportionate assessment: funding for public improvements.
January 1, 1997... The demand for consultation and appraisal services emanates from many sources. Among the services needed is one in which an appraiser appraises a wide variety of property classes and participates in the public hearing process by undertaking a...

Valuing waste-to-energy facilities.
January 1, 1997... The majority of municipal solid waste generated in the United States has traditionally been deposited in landfills. However, with communities transporting their solid waste to more distant and costly disposal facilities, the public has become...

Wetland mitigation.
January 1, 1997... Who would want a swamp and how much would they pay? In past years, the demand and price for swampland was nominal. In the future the demand is likely to be significant and the purchase price very high. A major reason for this change is the...