Appraisals vs Market Evaluations
Appraisals and market evaluations serve different legal purposes for churches and nonprofits. Here’s when a USPAP-compliant appraisal is required versus when a broker’s market evaluation is enough.
Tag Archives: Appraisal
What is a Probate Referee
A probate referee is an individual appointed by the California State Controller to serve as an officer of the court and appraise the value of assets in an estate when someone passes away. This ensures that the estate’s assets are properly evaluated for tax purposes and equitable distribution among heirs. A probate referee is an impartial, independent professional with expertise in appraising various types of assets, including real estate, stocks, bonds, and personal property. Purpose of a Probate Referee: Ensuring Accurate Asset Valuation The primary duty of this role is […]
Property Tax Assessments: 5 Triggers Every Owner Should Know
Property tax assessments don’t just change when you buy a property — new construction, exemption loss, and even transfers to family members can trigger reassessment. Here’s what actually triggers it, and what Proposition 19 changed.
Special Use Appraisals: Rules for Valuing Church Property
Special use appraisals exist because churches and other nonprofit properties can’t be valued like ordinary real estate. Here’s how the appraisal methods actually work, who’s qualified to perform one, and what they cost.