Appraisal Journal articles from July 2000

Appraisal Journal archives from July 2000

Family Limited Partnerships, Corporations, and Valuation Issues.
July 1, 2000... Over the last several years there has been a growth in the formation of family limited partnerships (FLPs) and family limited liability companies to minimize estate taxes while maintaining control over the partnership assets. This article will...

The Appraisal Profession at the Cross Roads.
July 1, 2000... This is an interesting or, depending on your perspective, frightening time for the real estate appraisal and valuation profession. Nearly all the major forces and variables that affect the profession are changing and all at the same time, which...

Appraising Linear Subordinate Easements in Utility Corridors.
July 1, 2000... abstract Appraisal of subordinate interests within electric transmission line corridors has become a baffling valuation problem in the deregulated environment affecting private electric companies and public water and sewer utilities. None...

Water Views and Residential Property Values.(Statistical Data Included)
July 1, 2000... abstract This study is an examination of the impact of a water view exposure on the value of single family homes. The authors developed a database of 6,949 home sales of 4,931 different residences over the 1984 to 1993 time period in...

Self-Perception of the Role of the Appraiser: Objective Opinions or Price Validations?
July 1, 2000... abstract Research into the behavioral aspects of appraisal is in its infancy, having started in the last decade. Over this time period researcher interest has evolved from process tracing to study of decision-making bias and onto role...

The Effect of Dual Local and National Register Historic District Designations on Single-Family Housing Prices in New Orleans.
July 1, 2000... abstract The City of New Orleans has 17 National Register historic districts and 13 locally designated historic districts. Many houses fall within districts with dual designation. This research uses real estate data from New Orleans,...

The Federal Rules of Evidence and Daubert: Evaluating Real Property Valuation Witnesses.
July 1, 2000... abstract The days when an appraiser, or any potential expert witness, would simply show up for trial to testify are gone. Today there are a battery of tests to be applied in qualifying an expert witness. This article reviews recent U.S....

Quantifying Business Enterprise Value in Shopping Malls: Current Issues & Future Trends.
July 1, 2000... abstract This paper presents current issues and emerging trends in evaluating likely non-realty income components in shopping mall properties. The article begins by segregating and analyzing shopping mall income components with particular...

Thinking Statistically About Valuations.
July 1, 2000... abstract This paper discusses the implications of regarding property price as a random variable. Shifting to a statistical valuation paradigm leads to a better understanding of pricing mechanisms and improved valuation methods. Making...

Solving the Functional Obsolescence Calculation Question?
July 1, 2000... abstract There exists a question over the correct methodology to calculate functional obsolescence in the reproduction cost approach. This article postulates that adherence to the Principle of Substitution in the replacement and...

Valuation and the Property Tax.
July 1, 2000... abstract This article is a comprehensive review of the topic of property taxation as it relates to the appraisal task of valuing property for tax appeals. Property tax issues in general are covered first, providing a framework for...

The Development Approach to Valuation in Eminent Domain Litigation: Capitalizing on Potential Use.
July 1, 2000... Governments and other entities with condemnation power often take land before the land has been put to its most economically productive use. The owner might use the land for agricultural purposes when it is zoned for residential, commercial, or...

Tax court rules in favor of property's market value over its value-in-use.(Brief Article)
July 1, 2000... The state tax court properly determined that the tax assessments of one of a bank's branch locations were based on market value, rather than focusing on the property's value-in-use (the property's value to its present owner), according to the...

Public nuisance compensation case goes to state supreme court.(Brief Article)
July 1, 2000... A compensable taking of property occurred when a city's nuisance abatement board prohibited any rental or business activities at a property for one year after determining that a public nuisance existed on the property, according to a district...

Tax appeal board decision for parcel to be assessed as a commercial building.(Brief Article)
July 1, 2000... The assessed value of a taxpayer's leased pad parcel in a shopping center included the value of the store's right to have its customers park on an adjacent tax parcel, according to an Illinois appellate court. Jewel Companies, Inc. leases...

Charitable organization denied tax exemption.(Brief Article)
July 1, 2000... A charitable organization did not qualify for a charitable exemption from real property taxes due to its failure to limit possible distribution of its assets upon dissolution to those approved by the state, according to the Court of Appeals of...

Challenging Sprawl: Organizational Responses to a National Problem.
July 1, 2000... A Report by the National Trust for Historic Preservation for the Henry M. Jackson Foundation, edited by Constance E. Beaumont. Published by the National Trust for Historic Preservation, Washington, DC, 1999, 112 pages, softbound. $10.00...

Letters to the editor.
July 1, 2000... Comments on "Estimating Depreciation for Infrequently Transacted Assets" Mr. Ellworth's article, "Estimating Depreciation for Infrequently Transacted Assets" (January 2000) deserves comment. He adopted a coal-fired power plant as his...

Capitalization Theory & Techniques Study Guide, second edition.
July 1, 2000... by Charles B. Akerson, MAI Since it was first published in 1973, Capitalization Theory and Techniques, Study Guide has served as an essential resource for students of the income capitalization approach to value. Throughout the text's long...

A Guide to Appraisal Valuation Modeling.
July 1, 2000... by Mark R. Linne, MAI, CAE, M. Steven Kane, and George Dell, MAI, SRA Automation of the appraisal process expedites the underwriting process and is an attractive option for lenders, who have traditionally been appraisers' largest clients....

Correction.
July 1, 2000... [TABLE HAS BEEN CLIPPED]