Appraisal Journal articles from July 1995

Appraisal Journal archives from July 1995

Highest and best user. (land use)
July 1, 1995... Highest and best use analysis is easily the most critical preliminary conclusion made in an appraisal. It is defined in The Dictionary of Real Estate Appraisal as: The reasonably probable and legal use of vacant land or an improved property,...

Highest and best use of a vacant parcel.
July 1, 1995... According to The Appraisal of Real Estate, tenth edition: Land, legally defined to include everything attached to the land, constitutes real estate. Appraisers study the value of the physical real estate and its accompanying ownership rights,...

A requiem for Ellwood. (Ellwood method of property valuation)(includes appendix)
July 1, 1995... This article argues that the Ellwood method of property valuation is now only an interesting historical artifact and can be abandoned as a once important idea whose time has passed. The obsolescence of this method is due to technology - a result...

Appraiser attitudes toward industry changes.
July 1, 1995... The Appraisal Qualifications Board (AQB) of The Appraisal Foundation has proposed and begun to implement several revisions in the qualifications criteria for each classification of real property appraisers to become effective after January 1,...

Appraisers and the Americans with Disabilities Act.
July 1, 1995... The Americans with Disabilities Act (ADA), enacted on July 26, 1990, is a major federal civil rights act. Its impact on society in general and the disabled in particular is significant; appraisers are among the many professionals who are...

Beyond de minimis: twelve exceptions to appraisal regulations.
July 1, 1995... Over the past year, federal banking agencies(1) completed a series of changes to regulations of concern to real estate professionals. Appraisers focused on allowed exceptions, particularly the "threshold level." Few appraisers understood that the...

The USPAP Competency Provision and the appraisal of healthcare/retirement facilities. (Uniform Standards of Professional Appraisal Practice)
July 1, 1995... The past three years have seen significant changes in the banking industry and as a result, in the appraisal industry. The impact of the recent recession on the banking industry, and attempts by regulatory authorities to avoid a recurrence of...

Property tax appeals: the appraiser-attorney team approach.
July 1, 1995... Real estate taxes are generally among the biggest expense items on the commercial real estate operating statement of income and expense. In California, as in many other states, property owners have the right to appeal the ad valorem assessments...

Appraisal methods and regulatory takings: new directions for appraisers, judges, and economists.
July 1, 1995... The U.S. Supreme Court's recent decision in Dolan v. City of Tigard(1) has refocused the attention of appraisers, judges, and economists on the takings problem: how to decide when a government regulation is so severe that it requires compensation...

Implications of the 1993 Tax Act for real estate investments.
July 1, 1995... The Revenue Reconciliation Act of 1993 (the act) has a modest effect on real estate investment values. Three changes are studied here: 1) lengthened depreciable lives for nonresidential property; 2) freedom from passive loss suspension; and 3)...