can you appraise part of a parcel

[Ken B]

Who was asked to appraise "part of a property?"

The OP reported that he was asked to appraise property which was described by a deed he had in hand. That the dirt associated with the property he was asked to appraise was a portion of a larger tax parcel is irrelevant.

 

[Couch Potato]

Who was asked to appraise "part of a property?"

The OP reported that he was asked to appraise property which was described by a deed he had in hand. That the dirt associated with the property he was asked to appraise was a portion of a larger tax parcel is irrelevant.

I agree how the tax assessor assigns numbers is irrelevant, but that does not mean the deed is not for "part of a property." Either way it can be appraised. :new_all_coholic:

 

[Terrel L. Shields]

I can only add to Hatch's statement that you need to read the March 2008 Q & A which clarifies the appraisal of a part of a property. You must identify that property and that does not necessarily require a deed.
http://www.appraiser.ne.gov/USPAP/pdf/March_2008_Q&A.pdf

Standards Rule 1-2(e)(v) permits the appraisal of a physical segment of a property. In this example, the segment being appraised would be the land. Put simply, the land is the subject of the assignment and the improvements are not. To avoid communicating a misleading appraisal report, the report would have to acknowledge the [FONT=Times New Roman,Times New Roman]existence [/FONT]of the improvements on the land, but they do not have to be included in the valuation.

 

[Ken B]

I can only add to Hatch's statement that you need to read the March 2008 Q & A which clarifies the appraisal of a part of a property. You must identify that property and that does not necessarily require a deed.
http://www.appraiser.ne.gov/USPAP/pdf/March_2008_Q&A.pdf

Not applicable to the OP. The subject is not part of a property. The subject is the property in its entirety.

 

[PropertyEconomics]

Not applicable to the OP. The subject is not part of a property. The subject is the property in its entirety.

Not so fast Ken B ... lets revisit the OP ....

can you appraise part of a parcel if this part has a deed? however it is part of more property all having the same parcel #?


It is PART OF A PARCEL ... not a property in entirety!

Just to keep things straight .......

 

[Ken B]

Does an assessor's delineation of a parcel's boundaries for the purposes of assessment and taxation create a "property?"

I don't think so. That the OP reports a deed for his subject would be indicative of this fact.

 

[Couch Potato]

Does an assessor's delineation of a parcel's boundaries for the purposes of assessment and taxation create a "property?"

I don't think so. That the OP reports a deed for his subject would be indicative of this fact.

The existence of a deed no more indicates a separate property than an assessor's parcel number. To be truly separate requires more than a deed in most jurisdictions. In most of the country making a truly separate property requires multiple actions involving a planning/zoning department, the assessor's office, and the recorder's office with the planning/zoning typically being the hard one. The other two can happen without an official separation.

 

[Michigan CG]

The existence of a deed no more indicates a separate property than an assessor's parcel number. To be truly separate requires more than a deed in most jurisdictions. In most of the country making a truly separate property requires multiple actions involving a planning/zoning department, the assessor's office, and the recorder's office with the planning/zoning typically being the hard one. The other two can happen without an official separation.

And the above is why I suggested the OP get a Legal Description INCLUDING plat from a survey. Appraisers (unfortunately residential appraisers especially) need to define and show what it is they are actually appraising.

 

[David Mescon]

Are alarm bells ringing when you post over 24,000 times?

Rumor has it there's a 25,000 post lifetime limit. After that, they're never heard from again... Scary.

 

[AnonApprsr]

Are alarm bells ringing when you post over 24,000 times?

That's nothing in 4 years. I plan to post here 100x a day. Also, if you notice, other than this very post your reading now, every single thing I've posted to this forum has been helpful. Especially considering it has helped me avoid working.