HARRY B. HOLZHAUER & ASSOCIATES - Laserfiche WebLink

Home Browse Search

8. PROPERTY VALUATION AND APPRAISAL The opinion of APPRAISER as to the fair market value of the property. The appraisal report shall contain a description of the reasoning process used by APPRAISER in reaching conclusions as to value and all data and analyses needed to explain and support his valuation. The supporting data and analyses furnished in the appraisal report shall include, among other things the following: a. All other information, analyses, and estimates considered by APPRAISER to be relevant to the estimation of the fair market value of the property. Included shall be a statement of all factors taken into consideration by APPRAISER believed to influence, either favorably or unfavorably, the market value of the property. b. If the property appraised is a part of a larger parcel in the same ownership or is less than the entire interest of the owner in the property, the appraisal report shall contain APPRAISER'S opinion of just compensation for a taking of such property or interest, using the before--and-after method of valuation as interpreted under State law unless it is obvious that there would be no damages or benefits to the remaining property or interest of the owner. However, if the part of interest to be taken is such a small part of the whole property that the damages for the taking can be more accurately estimated directly that method may be used if permitted under State law, without estimating the fair market value of the entire property of the owner. The foregoing opinions of APPRAISER shall be supported in the appraisal report by the data an analyses used to reach such conclusions. The appraisal report shall also contain, for information purposes only (unless required by State law), APPRAISER'S estimates of the fair market value of the to -be - acquired part or interest as part.of the whole property and the net damages or benefits to the remaining property of the owner. if, in the opinion of APPRAISER, acquisition of the part of, or interest in, the property proposed for acquisition would leave the owner with an uneconomic remnant, APPRAISER shall furnish a separate estimate of the fair market value of the entire property and interests of the owner unless informed by CITY that it does not have authority legally to acquire the remnant. C. Such maps, plans, photographs, or other exhibits, as necessary, to explain or illustrate the analyses of APPRAISER. d. APPRAISER'S evaluation of the indications of value deduced from APPRAISER'S separate analyses of the various evidences of value and an explanation of how the final conclusion to the fair market value of such property was reached.