Start Date
2-12-2022 12:45 PM
End Date
2-12-2022 1:45 PM
Description
Effective Representation: presents steps that an Assessor’s Office can take to expedite and simplify the appeal process. Demonstrates that by reaching out to the property owner and their representatives early in the process can insure both the taxing authority and the property owners’ appraiser are appraising the same set of property rights, on the same date of valuation, with the same definition of market value. By meeting and agreeing on valuation dates, definitions, and the property characteristics, the two parties can then present their valuation theories, data, and conclusions in a manner that demonstrates their differences, allowing the Judge, Magistrate, or Board to make their decision based on valuation theory and technique. Using current, real world examples of misunderstandings between parties in valuation disputes, the presentation demonstrates how to utilize a table of contents from a complete narrative report to narrow down the issues that are actually worth litigating. Agreeing to the basic parameters of a valuation as required by the jurisdiction, and by stipulating to facts such as the size of the lot, zoning, and the size and age of the improvements, both parties in the dispute will be better able to present their valuation opinions.
Recommended Citation
Dailey, Paul, "You appraised what?" (2022). IAAO Annual Legal Seminar. 4.
https://researchexchange.iaao.org/legal/legal22/sessions/4
You appraised what?
Effective Representation: presents steps that an Assessor’s Office can take to expedite and simplify the appeal process. Demonstrates that by reaching out to the property owner and their representatives early in the process can insure both the taxing authority and the property owners’ appraiser are appraising the same set of property rights, on the same date of valuation, with the same definition of market value. By meeting and agreeing on valuation dates, definitions, and the property characteristics, the two parties can then present their valuation theories, data, and conclusions in a manner that demonstrates their differences, allowing the Judge, Magistrate, or Board to make their decision based on valuation theory and technique. Using current, real world examples of misunderstandings between parties in valuation disputes, the presentation demonstrates how to utilize a table of contents from a complete narrative report to narrow down the issues that are actually worth litigating. Agreeing to the basic parameters of a valuation as required by the jurisdiction, and by stipulating to facts such as the size of the lot, zoning, and the size and age of the improvements, both parties in the dispute will be better able to present their valuation opinions.