Tag Archives: Valuation

Fundamental Evidentiary Issues – Avoiding Exclusion of Your Opinion of Value and Comparable Sales

In an unpublished opinion filed this week, the California Court of Appeal confirmed two fundamental evidentiary rules related to eminent domain matters: A witness intending to testify to an opinion of value must exchange a statement of valuation data; and A witness will be precluded from testifying to a comparable sale if it is determined … Continue Reading

Should California Eliminate USPAP as its Sole Standard of Valuation Practice for Real Estate Appraisers?

Six weeks ago, I wrote about California Assembly Bill 624 and the Appraisal Institute’s effort to change California law that presently requires all licensed appraisers to comply with the Uniform Standards of Professional Appraisal Practice (USPAP).  While the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) would still mandate that USPAP be followed … Continue Reading

Property Taxes on Intangible Assets? Huh?

I know our blog is called the California Eminent Domain Report — implying we only cover eminent domain-related issues, but in actuality we cover anything valuation-related.  After all, our group of attorneys is known as the Eminent Domain & Valuation Practice Group.  With that said, an interesting value dispute has popped up, making its way to the California Supreme Court.  This one deals … Continue Reading

The Liston Brick Company Case: A Quick Follow-Up

In my recent post on City of Corona v. Liston Brick Company of Corona, 2012 Cal. App. LEXIS 873, I took a few minutes to discuss the conflict under California law concerning what happens when one side presents a valuation opinion and the other does not.  As I explained there, while I can see a basis for a … Continue Reading

Eminent Domain Valuation: Defining the Limits of Admissible Evidence

Eminent domain cases typically revolve around one issue in dispute:  the property’s (or business’) fair market value.  And when appraisers seek to reach their opinions of value, they typically rely on a standard body of data:  comparable sales; income and expense figures; and reproduction costs.  But sometimes the evidence does not fit into one of … Continue Reading

Eminent Domain in a Declining Market: Precondemnation Damages vs. De Facto Takings

The use of eminent domain in a declining real estate market presents a number of unique issues.  I often receive calls from property owners who are frustrated with the government’s timing of condemnation proceedings, and want to know how they can get market-peak-values for their property.  This issue was the hot topic of a previous IRWA seminar I chaired, Property Acquisition, Appraisal, and … Continue Reading

California Court of Appeal Confirms Valuation Method for Private Utilities in Public Rights-of-Way

A new published California court of appeal decision may be important for private utility companies with respect to the valuation of their possessory interests in public rights-of-way for property tax assessment purposes.  The case, Charter Communications Properties v. County of San Luis Obispo, provides that when assessing the fair market value of a utility’s possessory … Continue Reading

“Nothing Special” Results in Nominal Compensation

On July 29, 2011, the California Court of Appeal issued an unpublished decision confirming that when condemned property is subject to a roadway easement, and the property owner fails to demonstrate that there is "something special attaching to it," regardless of how the property is ordinarily bought or sold, the landowner is only entitled to nominal … Continue Reading
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