Appraisal Journal back issues from January 2006:
From the editor-in-chief.(the appraisal journal)(Brief Article)(Editorial)
Jan 01, 2006; ... Welcome to the 2006 edition of The Appraisal Journal. Throughout the year, the Journal will be presenting ideas and concepts, as well as appraisal and analytical techniques for consideration by appraisal professionals. We also will be making preparations for The Appraisal ...
Tax exemption based on property's use, not owner's status.(cases in brief)(Brief Article)
Jan 01, 2006 ... The Court of Appeals of Kansas ruled that whether the organization using a property possesses a tax exempt character is relatively immaterial because it is the use of property, not the character of the owner, that determines the applicability of an ad valorem tax exemption. At ...
Challenge to reassessment denied, no injury in fact shown.(reassessment of real estate values)(Brief Article)
Jan 01, 2006 ... An individual who did not own any real estate could not challenge a county's reassessment of real estate values, according to the U.S. Court of Appeals for the Third Circuit. Jeffrey D. Hill filed a complaint in which he asserted broad claims of inequity stemming from the ...
Lost profits admissible in eminent domain proceeding.(cases in brief)(Brief Article)
Jan 01, 2006 ... Evidence regarding lost profits of a business was admissible in an eminent domain proceeding to calculate the fair market value of the remaining property, according to the Court of Appeals of North Carolina. In 1999, the North Carolina Department of Transportation (DOT) sought ...
Cost to cure admissible to determine consequential damages in inverse condemnation case.(Brief Article)
Jan 01, 2006 ... An expert witness's use of the cost to cure to determine consequential damages in an inverse condemnation case was not erroneous, according to the Court of Appeals of Georgia. Bonnie Ogburn owned certain land that he leased to his company to operate a hardware store. There were ...
Church's retreat house not entitled to tax exemption.(cases in brief)(Brief Article)
Jan 01, 2006 ... A meeting room and 40 overnight rooms of a retreat house, located on the same parcel of property as a church shrine, were not exempt from real estate taxes, according to the Commonwealth Court of Pennsylvania. The Order of St. Paul the First Hermit (Order) owned eleven parcels ...
Enhanced value from betterments applicable toward property's overall value.(Brief Article)
Jan 01, 2006 ... A town that enhanced the value of a developer's property through betterments such as a road and utilities that served the property was authorized to include the enhanced value from the betterments when calculating the full and true value of the property, according to the Supreme Court of ...
Temporary injunction not a taking without just compensation.(cases in brief)
Jan 01, 2006 ... A border dispute regarding municipal boundaries on a property owner's land and an ensuing injunction that prevented development of the property was not a taking that required just compensation, according to the Commonwealth Court of Pennsylvania. The D'Andreas own five parcels ...
Taking of access rights by inverse condemnation entitles commercial landowner to compensation.(cases in brief)(Tallent v. South Carolina Department of Transportation)
Jan 01, 2006 ... A commercial landowner whose only remaining access to a highway was by means of a series of secondary roads as a result of a state highway construction project was entitled to compensation under the theory of inverse condemnation, according to a South Carolina appellate court. ...
The storms behind, the markets ahead.(economic conditions after Katrina)(Column)
Jan 01, 2006; ... Commentary Last fall, the devastation wrought by Hurricanes Katrina and Wilma took center stage, with many observers anticipating the aftershocks derailing the economic recovery. These catastrophic events had dramatic effects; however, the U.S. economy appears to have weathered ...
The price of aesthetic externalities.(determining residential real estate value)
Jan 01, 2006; ... Abstract This paper explores the prices of three aesthetic externalities (a water view, the appearance of nearby improvements, and the quality of landscaping in the neighborhood). The focus is on how the implicit prices of such characteristics change with the residential real ...
Residential appraising: changes and challenges ahead.
Jan 01, 2006; ... This edition of "Residential Appraising" looks at the changes and challenges that appraisers will face in 2006 and beyond. A number of significant changes have occurred in residential appraising in a relatively short period. Residential appraisers are now dealing with the new format of ...
Apartment market area delineation.
Jan 01, 2006; ... abstract In all property markets, market area delineation is an important task that precedes the analysis of demand and supply in the market area. This article reviews the literature on apartment market area delineation and the currently recognized technique to perform the ...
Valuing first nation land claims and other historical damages.
Jan 01, 2006; ... abstract First Nation land claims have become increasingly common in recent years. These claims involve determining the present value of the deficiency payment and/or the cumulative loss of use value of these lands. This article identifies a bias that results when the present ...
Contingent valuation: not an appropriate valuation tool.
Jan 01, 2006; ... abstract The proposition has been put forth that the contingent valuation (CV) method may be used to quantify diminution in real property values due to various detrimental conditions. The blue-ribbon panel report of the National Oceanic and Atmospheric Administration has been ...
Data management and continual verification for accurate appraisal reports.
Jan 01, 2006; ... abstract Appraisal firms are increasing their reliance on purchased, vendor-supplied information on comparable properties. The purchased information is often unverified and unvalidated by the firms, and this impacts the reliability of the final estimates of value. This trend is ...
Private developers in the 1997 housing market crisis in Bangkok.
Jan 01, 2006; ... abstract Over the past two decades, Bangkok has experienced a substantial increase in demand for housing. During the economic boom from 1986 to 1997, private developers in Bangkok produced more than 100,000 new units per year. Despite this high level of production, demand ...
Federal agencies offer guidance on appraisals for residential tract developments.(Financial Institutions Reform, Recovery and Enforcement Act of 1989)
Jan 01, 2006; ... Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) provides for minimum appraisal standards for all federally related transactions. Among the minimum standards is a requirement that all appraisals must "analyze and report appropriate deductions ...
The Insider's Guide to Making Money in Real Estate.(Book Review)
Jan 01, 2006; ... The Insider's Guide to Making Money in Real Estate by Doll de Roos, PhD, and Diane Kennedy, CPA Published by John Wiley and Sons, Inc., Hoboken, New Jersey, 2005, 248 pages $16.95, softcover Real estate is hot, not only in the United States, but in much of the developed world ....
Shaping the Skyline: The World According to Real Estate Visionary Julien Studley.(Book Review)
Jan 01, 2006; ... Shaping the Skyline: The World According to Real Estate Visionary Julien Studley by Peter Hellman Published by John Wiley and Sons, Inc., Hoboken, New Jersey, 2004, 260 pages $24.95, hardcover Shaping the Skyline: The World According to Real Estate Visionary Julien Studley ...
Dictionary of Real Estate Terms, 6th ed.(Book Review)
Jan 01, 2006; ... Dictionary of Real Estate Terms, Sixth Edition by Jack P. Friedman, Jack C. Harris, and J. Bruce Lindeman Published by Barron's Educational Series, Inc., Hauppauge, New York, 2004, 501 pages $13.95, softcover Everyone already has (or should have) the Appraisal Institute's The ...
Comments on "The Effects of a Defective Construction Lawsuit on the Value of Condominiums: A Case Study".(Letter to the Editor)
Jan 01, 2006; ... In the article, "The Effects of a Defective Construction Lawsuit on the Value of Condominiums: A Case Study," by Steven E. Miller, SRA (Fall 2005), the author states, "There is no information in the multiple listing service (MLS) that discloses any of these defects" He reasons that because ...