Saturday, September 04, 2010
IRS Appraisals

Yellow Book Appraisals
 



Ask the Appraiser Ask the Appraiser

telephone  603 722-0663
email  chetrogers@tds.net

Testimonials Testimonials

"Chet was very responsive, fair, and diligent in his appraisal process with us. Based upon our recent experience with Chet, I would gladly use him again." … BW

Green Stuff Saved So Far Green Stuff Saved So Far

2,985 acres saved from development
10,817 feet of lake or pond frontage saved from development
3,300 feet of river frontage saved from development
96 houses NOT built

YELLOW BOOK

Formally known as "Uniform Appraisal Standards for Federal Land Acquisitions" It was first published in 1971. The fifth edition, published in 2000, is still current.

Usually required when federal money is involved, often through a state agency like Land for Maine's Future. Includes U.S. Fish and Wildlife and U.S. Forest Service from whence many conservation funds flow.

Yellow Book is compatible with USPAP, aka Uniform Standards of Professional Appraisal Practice. Read USPAP here.
Yellow Book is not compatible with FIRREA.

Larger parcel rule

  • Contiguity
  • Unity of ownership, beneficial control of a single entity
  • Unity or integrated HBU

Conservation Easement, known as a partial acquisition

  • Two appraisals are required; Before and After the Conservation Easement
  • The difference (Before minus After) is the value of the Conservation Easement

Subdivision Valuation is discouraged.
 

Title to Property

  • Must report last sale of subject, regardless of how long ago
  • Must report all sales and offers during last ten years

Read the Yellow Book