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
Probate referees are individuals appointed by the California State Controller as an officer of the court to appraise and determine the value of assets in an estate when someone passes away. This ensures that the assets are properly evaluated for tax purposes and equitable distribution among heirs. Probate referees are impartial and independent professionals with expertise in appraising various types of assets like real estate, stocks, bonds, and personal property. Purpose of a Probate Referee: Ensuring Accurate Asset Valuation The primary duty of a probate referee is to appraise and […]
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.