Valuation - effects of pollution, Assessment reviews and appeals
Taxing authorities are frequently asked to review proposals for a reduction of the appraised value of property that has been environmentally contaminated, which may result in confusion and uncertainty about appraisal standards and methods, engineering estimates of the costs to remediate, and “stigma’ definitions. This article provides appraisal guidelines, technical guidelines for site assessment and remediation, and cost analyses. In addition, tax court guidance and a case study are presented.
"Appraising environmentally contaminated property and tax reduction,"
Assessment Journal: Vol. 9
, Article 3.
Available at: https://researchexchange.iaao.org/assessment_journal/vol9/iss5/3