Appraising Historic Preservation Easements and Impacts of Tax Appeals on Appraisal Practice

This seminar provides a comprehensive overview of historic preservation easements and property tax assessment appeals for appraisers. The first half covers the fundamentals of historic easements, including qualifying properties, appraiser responsibilities, and the application of the three traditional approaches to value in easement assignments. It also explores distinctions between local landmark laws and preservation easements, and concludes with key IRS valuation issues and case law. The second half shifts to tax assessment appeals, addressing relevant statutes, procedures, and strategies. Topics include highest and best use, treatment of atypical leases, navigating county vs. state board hearings, and effective communication with assessors and taxpayers. Special cases and resources for unique property types round out the session.