Governmental and judicial entities’ expanded oversight of the real estate appraisal process makes it imperative that those involved in valuing easement-encumbered properties demonstrate their competence to the Internal Revenue Service and the courts, according to a book published by the Appraisal Institute (AI) under a licensing agreement with the Land Trust Alliance.
“Appraising Conservation and Historic Preservation Easements,” by Richard J. Roddewig and Charles T. Brigden, is for appraisers, land trusts, historic preservation organizations, tax professionals, attorneys, and state and federal agencies involved in the creation, donation and valuation of easements, according to a post on the AI website.
Relying on their experience in this specialized area of valuation, the authors describe in detail the techniques applied to analyze the effect of easements on property value and examine the changes in public policy regarding conservation and preservation that have occurred in recent years.
“The Appraisal Institute is proud to join with the Land Trust Alliance in presenting this important text,” AI President Jefferson L. Sherman wrote in the book’s foreword.
The Land Trust Alliance is a national conservation organization representing more than 1,700 land trusts across the United States.
This updated edition builds on that foundation of the 2011 first edition, exploring the expanded oversight of the appraisal process by governmental and judicial entities reviewing easement donations. Using case studies and actual court cases, the book examines in detail the many valuation issues relating to easements and the pitfalls that appraisers may encounter as they undertake these complex and controversial appraisal assignments.