This web class will consider the challenges of valuing properties which suffer from some form of contamination. It will look at environmental impairment and how it impacts on valuation.
Valuing property that is subject to some form of contamination is particularly difficult. Much depends on the nature of the contamination/impairment and the type, and cost, of necessary remediation works. Our instructors are experts with considerable experience in dealing with this type of valuation work. They will look at issues concerning the highest and best use of the property as impaired and consider how the three main valuation approaches need to be adapted to reflect the contamination. In addition to looking at the cost of necessary remediation work, they will also consider the liability impacts, use limitations, and possible stigma attaching to contaminated properties. They will also cover how to deal with such properties within a mass appraisal environment. Up to date information about the law concerning contaminated properties and practical guidance on the preparation of valuations relating to such properties will be provided.
To better understand the process and requirements of valuing contaminated land.
A live web class with discussions and activities integrated throughout to embed your learning. The class will end with an open Q&A session with your instructor.
David is a partner in the property tax law firm of Huff Wilkes, LLP and a Director of the International Property Tax Institute. He is the former Chairman of The Appraisal Foundation (publisher of USPAP), and a former member of the Governing Council of RICS. He is a Counselor of Real Estate and the former Chairman of the American Bar Association’s Property Tax Committee, as well as co-founder and Vice Chairman of the National Association of Property Tax Attorneys (NAPTA).
John is an expert in real estate valuation, particularly in respect of complex properties including multi-purpose commercial centers, hospitality properties, multi-residential, recreation, industrial and special purpose properties as well as his expansive knowledge of appraisal techniques and methodologies. John has been called upon to provide expert witness testimony in an extensive number of valuation cases before various courts and tribunals, assisting in precedent setting matters in many jurisdictions.