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. Retrieved from https://researchexchange.iaao.org/jptaa/vol6/iss3/3
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