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Uniform Appraisal
Standards for Federal
Land Acquisitions
Published
by the Appraisal Institute
550 W. Van Buren St., Suite 1000 Chicago, IL 60607
in cooperation with
the US Department of Justice The Interagency
Land Acquisition Conference has developed, promulgated, and adopted the
Uniform Appraisal Standards for Federal Land Acquisitions and is solely
responsible for their content The Appraisal Institute's contribution to
the Uniform Standards consisted of editorial and production assistance
unrelated to the substance of the Uniform Standards, and the Appraisal
Institute assumes no responsibility for the content of the Uniform Standards
The Appraisal Institute has published the Uniform Standards for the Interagency
Land Acquisition Conference to help make them available in hard copy form
to interested parties.
Printed in the United States of America
ISBN: 0-922154-66-X
Foreword
This is the fifth edition of the Uniform Appraisal Standards for Federal Land Acquisitions. The Standards were originally published in 1971 with the most recent revision published in 1992. The existing Standards have earned a prestigious position. They are frequently cited by Congress in legislation relating to the valuation of federal land acquisitions and have guided the appraisal process in these matters since their original issuance by the Interagency Land Acquisition Conference. & The Interagency Land Acquisition Conference, established on November 27, 1968, by invitation of the Attorney General, is a voluntary organization composed of representatives from the many federal agencies engaged in the acquisition of real estate for public uses. The Conference adopted and continues to adhere to several goals with respect to land acquisition, including the promulgation of uniform appraisal standards and guidelines for appraisal reports. The broad experience of the member representatives of the Interagency Land Acquisition Conference assures that the federal appraisal standards developed for land acquisitions are uniform, fair, and efficient. The Interagency Land Acquisition Conference is chaired by the Assistant Attorney General for the Environment and Natural Resources Division, Department of Justice. Its activities are conducted by ad hoc committees composed of member representatives.
The Interagency Land Acquisition Conference Executive is Virginia P. Butler, Chief of the Land Acquisition Section of the Environment and Natural Resources Division, Department of Justice. James D. Eaton, MAI, of the Appraisal Unit, Department of Justice, authored this 2000 revision of the Uniform Appraisal Standards for Federal Land Acquisitions. He was assisted in this effort by Appraisal Unit Chief Brian Holly, MAI; trial attorney Marc Gordon; and Ms. Butler. These Standards were submitted to the Appraisal Institute for editorial review and the Department of Justice grate-fully
acknowledges the editorial assistance of the Appraisal Institute in their preparation. While the vast majority of federal land acquisition is achieved through voluntary means, sometimes litigation is necessary. With this in mind, Mr. Eaton has done an admirable job of updating the case law, expand-ing the treatment of novel or difficult valuation questions, and recognizing the vast changes that have recently characterized the real estate appraisal profession.
The various departments and agencies of the Interagency Land Acquisition Conference commented upon a draft of these Standards. Their comments and suggestions were taken into account in a modified final revision that the Conference approved.
Under a cooperative agreement between the Appraisal Institute and the Department of Justice, the Appraisal Institute will publish this 2000 edition of the Uniform Appraisal Standards for Federal Land Acquisitions. Publication of these Standards will ensure that the "Yellow Book" is available in hard copy to all potential users. The Standards are also available on the Department of Justice's Internet Web site.
| | Lois J. Schiffer, Chair
Interagency Land Acquisition Conference
Dated: December 20, 2000 |
Table of Contents
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