Appraisal Journal back issues from July 2001:
New Thinking In Appraisal Theory.(real estate appraising)
Jul 01, 2001; ... Abstract Real estate appraising is still appropriately described as an art rather than a science. The contention of this article is that it will remain so as long as the fundamental theoretical structure on which practice is based is outmoded, excessively abstracted reality, and ...
Beyond Ordinary Wear and Tear: The Government's Liability for Building Maintenance in a Temporary Taking.(eminent domain)
Jul 01, 2001; ... When real estate is occupied for a period of months or years pursuant to an ordinary landlord and tenant relationship, the parties typically negotiate their respective obligations for maintaining the leased premises and express their mutual understanding in a written lease. When the lease ...
Evaluation of the Brazilian City of Recife's Condominium Market Using Generalized Linear Models.(Statistical Data Included)
Jul 01, 2001; ... One of the main phases of real estate evaluation through the comparative method is the adjustment of the market data to a model that explains the variability of the observed prices, as a function of the variations of its characteristics. The simplest way to solve the question is to use a ...
An International Perspective on Incorporating Risk in the Valuation of Contaminated Land.
Jul 01, 2001; ... The late 1980s and early 1990s saw the development of concern surrounding the ownership and investment value of sites affected by contamination. This was prompted by the discovery of problems associated with a number of high-profile sites around the world. For example, Lekkerkerk ...
The Sales Comparison Approach and the Appraisal of Complete Facilities.
Jul 01, 2001; ... Abstract The application of the sales comparison approach to complete facility assets deserves special consideration since these facilities possess characteristics that require particular attention during the appraisal process. Complete facilities encompass the physical ...
Across the Fence Methodology for Valuation of Corridors: What Is It and How Is It Used?(right of way)
Jul 01, 2001; ... At a recent combined Appraisal Institute International Right of Way Association seminar on the Valuation of Transportation Corridors, the author was one of the three speakers on the topic of valuation of these corridors. While he advocated use of the across the fence (ATF) methodology, ...
Business Value Allocation in Lodging Valuation.(hotel real estate)
Jul 01, 2001; ... Abstract The business value component of hotel real estate is elusive to quantify, but is generally assumed to exist. Through consistent tracking of two physically similar hotel chains, we have conducted a matched pairs analysis. Using the industry performance unit of comparison ...
The Changing Wetland Legal Landscape: Solid Waste Agency of Northern Cook County v. US. Army Corps of Engineers.(state responsibility)(Statistical Data Included)
Jul 01, 2001; ... Abstract On January 9, 2001, the U.S. Supreme Court handed down a landmark decision affecting wetlands. The Court ruled that the U.S. Army Corps of Engineers has no jurisdiction over nonnavigable, isolated intrastate wetlands. The Court's decision places the jurisdiction of such ...
The Impact of World Class Great Lakes Water Views On Residential Property Values.(increases home value)(Statistical Data Included)
Jul 01, 2001; ... Abstract This study examines the impact of water views on property values. Half of the samples of homes in this study have a clear water view while the other half, which consist of adjacent properties, do not. The lake under investigation is one of the Great Lakes, Lake Erie, ...
Valuation of Submerged Lands.(below tidal waters)
Jul 01, 2001; ... Abstract This article addresses recognized valuation techniques based on property rights inherent with the ownership of real estate. The public lands are held in fee simple estate until an encumbrance is created through a lease or other vehicle. The bundle of rights is allocated ...
Concentrated Animal Feeding Operations and Proximate Property Values.
Jul 01, 2001; ... Abstract Property located near a concentrated animal feeding operation (CAFO) will be negatively impacted by this externality. The degree of impairment depends on proximity and property type and use. Properties with higher unimpaired values are probably impacted more than ...
Fuel-Oil Contamination of a Residence: A Case Study in Stigma.(significant value loss)(Statistical Data Included)
Jul 01, 2001; ... Abstract An appraisal assignment to measure stigma in a fuel-oil contaminated residence led to the discovery of another similarly contaminated house that had changed ownership four times, including an arms-length sale before, and two more after, the contamination event. A study ...
The Impact of Airport Noise on Residential Real Estate.
Jul 01, 2001; ... Abstract As populations and airports expand, airport noise is an increasingly important issue for real estate analysts. In researching real estate damage issues, the topic of airport noise and its impact on property market values are particularly well-documented and ...
Environmental Contamination: An Analysis in the Context of the DC Matrix.(Detrimental Conditions)
Jul 01, 2001; ... Abstract A significant amount of research has been published in professional literature over the past decade addressing environmental contamination. However, we lack an overall pictorial model for organizing this literature and the applicable valuation techniques. This article ...
Telecommunications: The Wireless Personal Communications Services (PCS) Industry.
Jul 01, 2001; ... Abstract Part I of this article provides an overview of the Telecommunications Act of 1996 as it pertains to the wireless personal communications service (PCS) system, and addresses the six main zoning and land use limitations imposed upon local planning and/or zoning boards of ...
Business Enterprise Value: Introduction.(Review)
Jul 01, 2001; ... Business enterprise value has many facets and is quite controversial. The issues encompassed include everything from fundamental terminology to whether business enterprise value exists at all and, if so, how it can be measured. The articles in this anthology trace the emerging theory, ...
Hospital retains tax exempt charitable status.(Easton Hospital )(Brief Article)
Jul 01, 2001 ... A hospital using surplus revenue to capitalize its sister and parent organizations did not preclude the hospital from operating free of a private-profit motive, as required for the hospital to be exempt from real estate taxes as a purely public charity according to the Supreme Court of ...
Property tax classification violates uniformity provisions.(Ash Grove Cement Co., Cass County, Nebraska)(Brief Article)
Jul 01, 2001 ... The Supreme Court of Nebraska ruled that a property tax classification scheme in which only those minerals contained in lands owned by or under control of mining companies are given value for tax purposes, and other mineral interests in other lands are ignored, thereby violating the ...
Farm for mistreated horses is ruled tax exempt.(H.O.R.S.E, Inc., Town of Washington)(Brief Article)
Jul 01, 2001 ... A Connecticut appellate court held that a corporation that owned and operated a farm for mistreated horses was a charitable institution that could receive a property tax exemption. H.O.R.S.E., Inc., owned a 46-acre parcel of land in the Town of Washington, Connecticut that it ...
Market value reduced due to stigma.(Dealers Manufacturing Co., County of Anoka)(Brief Article)
Jul 01, 2001 ... Is a taxpayer that challenges a property tax assessment entitled to a reduction in the assessed value of contaminated property based on stigma? The Supreme Court of Minnesota ruled that it is. The subject of this property tax dispute was a manufacturing plant site in Anoka ...
Public interest value gains support in court decision.(John Dale Hansen, Cargill, Inc.)(Brief Article)
Jul 01, 2001 ... The U.S. District Court for the Northern District of California issued a verdict on July 27, 2000 that raises the perceived legitimacy of the concept of public interest value. Judge Charles Breyer rejected a claim by Plaintiff Dale Hansen, a self-appointed executive director of ...
Encyclopedia of Real Estate Terms: Based on American & English Practice, Second Edition.(Review)
Jul 01, 2001 ... Encyclopedia of Real Estate Terms: Based on American & English Practice, Second Edition Written by Damien Abbott. Published by Delta Alpha Publishing, London, England and Washington, D.C., 2000, 1,431 pages, hardcover. $145.00 The work of those who professionally ...
Letters to the editor.
Jul 01, 2001 ... Comments on "Intangible Assets in an Operating First-Class Downtown Hotel" I read with interest William Kinnard, Jr., Elaine Worzala, and Dan Swango's article, "Intangible Assets in an Operating First-Class Downtown Hotel," (January 2001) and consider the article to be an ...