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Valuation Property Valuation

DarrowEverett LLP

High Rhode Island Property Tax Assessment? Here's What to Do Next

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With Rhode Island municipal revaluations of property going into effect for the 2025 tax year, many homeowners and business owners are beginning to explore their options on challenging the new assessment, as most assessments...more

BCLP

Business Rates: Decisions About Material Changes of Circumstances “in the Locality”

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The Valuation Tribunal recently considered the impact of the Rushden Lakes Shopping Centre in Northamptonshire on rental and hence rateable values in neighbouring towns. The opening of the Centre had adversely impacted...more

Kohrman Jackson & Krantz LLP

Understanding the 2024 Property Reappraisal in Cuyahoga County

On July 9, 2024, the Cuyahoga County Fiscal Officer (the County) released the newly appraised values for properties within their jurisdiction. As required by state law, every county in Ohio is required to update property...more

Venable LLP

Federal Regulators Continue their Focus on Fair Lending and Appraisal Bias

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As 2024 gets off the ground, federal regulators are continuing their focus on fair lending issues. In February, the Federal Financial Institutions Examination Council (FFIEC) released a statement on examination principles...more

Fox Rothschild LLP

One Appraiser Goes to Prison, Another Goes Home: What to Expect from the IRS

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Most appraisers don’t go to prison, and those that do, don’t go for appraising. So it’s no wonder why much has been made of the one-year prison sentence recently handed down to Walter Roberts II, an appraiser who pleaded...more

Hudson Cook, LLP

CFPB Bites of the Month - June 2023 - A New Definition of Summer Madness

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In this month's article, we share some of our top "bites" for the prior month covered during the June 2023 webinar. Bite 12: CFPB Focusing on Overdraft Issues - On May 18, 2023, the CFPB announced that it had issued a...more

Goodwin

Federal Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations

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Regulatory Developments Federal Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations. On June 8, the CFPB, FDIC, Federal Reserve, NCUA, and OCC requested public comment on...more

Goodwin

Landmark Decision Regarding California Property Taxes: What Owners of California Hospitality Assets Should Know

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The California Court of Appeal (Second Appellate District) published a landmark decision on April 7, 2023, that may have significant implications for the property tax assessments of qualifying California hospitality assets...more

BCLP

Rating case note - the socio-economic value of museums

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Question - I am the FD of a public sector body. We run a museum which does not charge for admission and operates at a deficit, however its contribution to local culture and ability to attract visitors to the area make it...more

Opportune LLP

2020 Oil & Gas Impairments: What’s Behind the Numbers?

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Find out why some energy companies are considering potential oil and gas impairments amid low oil and gas pricing, and what key considerations go into conducting these impairments in order to comply with debt covenants and...more

Lowndes

Orange County Hotels See Significant Increase in Property Appraiser Valuations

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After weeks of rumors regarding hotel valuations in Orange County, it is now confirmed: the Orange County Property Appraiser has made it a priority to increase both the market values and assessed values of hotels for 2015. ...more

Bond Schoeneck & King PLLC

How Low Can You Go? Here’s A Clue: RPTL 720(1)

As The Desmond Hotel & Conference Center was gearing up for it’s New Year’s Eve celebration, on December 31, 2014, the Appellate Division (Third Department) handed down a decision in Village Square of Penna, Inc. v Board of...more

Nossaman LLP

Court Provides Guidelines on Valuing Natural Resources in Eminent Domain Proceedings

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Valuing mineral rights in eminent domain proceedings is inherently speculative and can lead to wide swings in property valuations. So how do appraisers best deal with the uncertainty involved in mineral exploitation? The...more

BakerHostetler

Colorado Court Leaves Valuation Question Unanswered When Valuing GRAT Appreciation

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On March 20, 2014, the Colorado Court of Appeals, in Malias v. Malias, upheld the trial court’s determination that grantor retained annuity trust (GRAT) remainder interests were “property interests” for property division...more

Akerman LLP

Supreme Court Upholds a 40 Percent Valuation Misstatement Penalty Based on a Misrepresentation of Basis

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In United States v. Woods, No. 12-562, 2013 U.S. LEXIS 8776 (December 3, 2013), the U.S. Supreme Court upheld the imposition of the 40 percent gross valuation misstatement penalty set forth in 26 U.S.C. § 6662 where the...more

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