Journal of Property Tax Assessment & Administration
Abstract
This article suggests a simple, flexible, common-sense, and appropriate assessment approach to valuing low-income multifamily housing: direct capitalization plus the present value of the owner's positive leasehold reversion. This approach combines the simplicity of direct capitalization with yield capitalization's strength -- the ability to consider reversion to unrestricted market use.
First Page
51
Last Page
65
Keywords
Subsidized housing, Capitalization
Recommended Citation
Sampson, S. T.
(2009).
A new proposal for low-income multifamily housing valuation.
Journal of Property Tax Assessment & Administration,
6(3), 51-65.
DOI: https://doi.org/10.63642/1357-1419.1105
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