Federal agencies are considering raising the threshold for commercial real estate transactions requiring an appraisal from the current level of $250,000 to $400,000. The agencies including the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of
Eminent Domain and Real Estate Valuation
The Eminent Domain and Real Estate Valuation blog, published by Fox Rothschild LLP, covers legal issues related to eminent domain, property valuation, and appraisal practices. It addresses topics such as just compensation standards in condemnation cases, appraisal discrimination laws, regulatory thresholds for loan appraisal exemptions, and litigation involving eminent domain takings. The blog also discusses the intersection of federal and state law in eminent domain proceedings, challenges to appraisal board regulations, and municipal use of eminent domain for redevelopment projects. It provides updates on legislative developments, court rulings, and regulatory actions affecting real estate valuation and eminent domain law.
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NJ Adopts “Property Taxpayer Bill of Rights”
By David Snyder
New Jersey has adopted a “property taxpayer bill of rights” seeking to assist property owners with the real estate assessment process. New Jersey has one of the nation’s highest property taxes. Bill A-4007 requires the state division of taxation…
Utah Considers Charter School Eminent Domain Issues
By David Snyder
The Utah legislature is considering policy changes regarding the acquisition of land for new charter schools and further expansions of existing schools. Specifically, there currently is uncertainty as to the eminent domain powers of charter schools in that state.
The…
GA Supreme Court Considering Landowner’s Bill of Rights Case
By David Snyder
The Georgia Supreme Court is considering an important case involving the state’s 2006 Landowner’s Bill of Rights statute. At issue is whether certain provisions of that statute are mandatory or merely advisory. The GA appeals court ruled that the City…
Oregon Establishes Statute of Limitations on Appraiser Liability
By David Snyder
Oregon has enacted legislation establishing a specific statute of limitations on civil actions against appraisers and appraisal firms for real estate appraisal activity. The law takes applies only to appraisals performed after January 1. It requires that any civil action against…
Judge Finds Florida Just Compensation Law Applies To Federal Pipeline Case
By David Snyder
Property owners whose land will be taken for the Sabal Trail Transmission LLC’s natural gas pipeline should be compensated under Florida law rather than federal rules, a Florida federal judge ruled.
In Sabal Trail Transmission LLC v. Real Estate et…
NJ Court: State Can Condemn Easements For Beach Repair
By David Snyder
The New Jersey Appellate Division has held that the government can condemn easements for beach projects. In that case, the DEP sought voluntary easements from the landowners as part of a dune-and-berm system spanning the entire 18-mile length of Long…
Tennessee Enacts New Appraisers Statute Of Limitations Law
By David Snyder
Tennessee has enacted a law establishing a new statute of limitations regarding civil lawsuits and disciplinary actions against real estate appraisers. Under HB 376, any action to recover damages against a real estate appraiser must be brought within one year from…
Florida Changes Appraiser Licensing Law
By David Snyder
Florida has enacted a bill changing its appraiser licensing law. HB 927 includes changes advocated by the Appraisal Institute.
The law defines an “evaluation” as a “valuation permitted by any federal financial institutions regulatory agency for transactions that do not require…
Tennessee Prohibits Eminent Domain For Industrial Parks.
By David Snyder
Tennessee has enacted a law that will prohibit the use of eminent domain to condemn land for industrial parks. It deletes the “industrial parks” exception for takings under 29-17-102 (E), . It also provides that any property taken must fall…