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Tax Abatement Issues that Impact Limited-Market and Special-Purpose Properties

Item No. taj_spr13_abatement

Price: $19.00


Feature article originally published in The Appraisal Journal Spring 2013 issue.

 8 pages, PDF Download

Limited-market and special-purpose properties present unique challenges in valuations related to ad valorem taxation. Municipalities typically use the cost approach for property assessments. Owners of limited-market and special-purpose properties engage appraisers who utilize the sales comparison, income capitalization, and cost approaches in appraisals used to appeal assessments. This article summarizes appeals cases in one state to explore why taxpayers have had little success in abatement hearings. The case rulings present issues worth consideration in any tax abatement appraisal involving a limited-market or special-purpose property.


John M. Crafts, MAI

Appraisal Institute Individuals can view and download the entire current issue and past issues at no charge at (Log-in is required.)

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