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Presentations of Uniform Act Final Rule Implementation

Determining Necessity for An Appraisal

§ 24.102(c)(2) Appraisal not required if:

Notes:

The rule provides two instances when an appraisal is not required:

  1. When the owner is donating his/her property. This is conditional, and is based on the owner giving the agency a release from having to prepare an appraisal.

  2. Based on an agency determination.

For an agency to make the determination that an appraisal is not required, the agency must first decide if it will use the procedure on uncomplicated and low-value properties. The use of the appraisal waiver procedure is both an opportunity to save time on low-value and uncomplicated acquisitions and it is also the agency's responsibility to be sure that knowledgeable personnel are available to make the determination of when a waiver valuation will be prepared. A major consideration in this determination is whether there is sufficient local market data (comparable sales) available which is essential to support such a valuation. If there is not good data available, the waiver valuation should not be used.

Updated: 04/02/2013
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