This timely three day advanced course provides intensive training and discussion on the valuation of historic preservation easements. The emphasis will be on appraising the value of preservation easements donated as charitable gifts under the Internal Revenue Code. The methods and techniques explained in this course are also relevant to the appraisal of preservation easements granted in order to obtain either state or local income tax or property tax deductions/credits. Great concern has been expressed within and without the appraisal profession for the development of an educational program dealing with the appraisal of preservation easements. This course responds to the provision in the IRS Transitional Guidance Rule of November 2006 requiring that appraisers of easements donated after February 2007 “must have a combination of education and experience relevant to the property being valued, and describe such education and experience in the appraisal.”
Upon completion of the course, participants should be able to:
- Explain the similarities and the differences between a conservation easement and a historic preservation easement.
- Interpret recent national legislative and IRS guidelines and initiatives related to the appraisal of donated conservation and historic preservation easements.
- Eliminate many of the misconceptions in the appraisal community about how to undertake a historic preservation easement appraisal assignment.
- Explain the typical provisions of a historic preservation easement and how to handle the variations in possible easement provisions in the appraisal process.
- Apply the central role of highest and best use analysis in historic preservation easement appraisals both before and after considering the easement.
- Recognize accepted and appropriate techniques for finding, researching, and analyzing sales of easement-encumbered properties.
Note. This course is in the Appraising Historic Preservation Easements Professional Development Program. Fore more information, click here.
|AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings. |