PROBABILITY OR POSSIBILITY OF REZONING: THE VALUATION DILEMMA

FOUR BASIC LEGAL QUESTIONS ARE REVIEWED HERE, WHICH ARE PRESENTED IN CONDEMNATION ACTIONS WHEREIN ZIONING OF THE REAL PROPERTY IS A FACTOR IN ITS VALUATION. THE PROBLEM WHICH IS PECULIARLY PRESENT IN EXPANDING CITIES OF THE SOUTHWEST AND WEST COAST IS DISCUSSED. PROBLEMS CASUED ( TO HE APPRAISER IN THE VALUATION PROCESS) BY RECENT LEGAL DECISIONS ARE DISCUSSED. COURT CASES ARE DESCRIBED WHICH ILLUSTRATE SPECIFIC LEGAL POINTS. FACTORS WHICH MUST BE CONSIDERED IN DISCOUNTING FROM A FUTURE VALUE TO PRESENT WORTH ARE DESCRIBED AND THE IMPLEMENTATION OF THE DISCOUNT PROCEDURE IS OUTLINED. A HYPOTHETICAL CASE IS USED TO ILLUSTRATE THE PROBLEM.

Media Info

  • Features: Tables;
  • Pagination: p. 21-7
  • Serial:
    • Right of Way
    • Volume: 20 N
    • Publisher: International Right of Way Association
    • ISSN: 0035-5275

Subject/Index Terms

Filing Info

  • Accession Number: 00239000
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 31 1974 12:00AM