VALUATION AND CONDEMNATION OF SPECIAL PURPOSE PROPERTIES

This report presents evidentiary rules and valuation principles more or less applicable to all special purpose properties, and classifies type of property according to the types of special purpose property and discusses the valuation principles and rules of evidence applied in the cases concerned with each type. Observations are made on the measure of compensation as related to cases where market value has been accepted, market value has not been applied, and cases involving partial taking. The rules of evidence related to special purpose properties are discussed with reference to the market data approach, the cost approach, substitution (substitute facility doctrine) and the income approach. Two methods of appraising vacant cemetery land are considered, and preference is given to the income approach. Measures of compensation related to churches, parks (public and private), schools, and other properties are discussed. General conclusions based on the cases considered are presented, and factors that might assist in solving special purpose problems are stated.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/selectedstudies/vol1/469-569.pdf
• Supplemental Notes:
  • A supplement to this paper by E.E. Level was published in Addendum 3, December 1982, pp 570-S1 through 570-S19. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Level, E E
• Publication Date: 1976

Language

• English

Media Info

• Pagination: p. 469-569
• Serial:
  • Selected Studies in Highway Law
  • Volume: 1
  • Publisher: Transportation Research Board

Subject/Index Terms

• TRT Terms: Case studies; Employee compensation; Evidence; Land use; Land values; Parks; Property; Property condemnation; Schools; Taking (Property)
• Uncontrolled Terms: Compensation
• Old TRIS Terms: Condemnation; Partial taking; Special purpose property
• Subject Areas: Education and Training; Highways; Law;

Filing Info

• Accession Number: 00148912
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Aug 28 1998 12:00AM