PERSPECTIVES ON THE ASSEMBLED WORKFORCE IN REAL PROPERTY VALUATION

Kimberly K. Merriman and Leonard J. Patcella

The Valuation Journal, 2021, vol. 17, issue 2, 70-97

Abstract: A valuation assignment, such as an appraisal for ad valorem tax purposes, may require appraisers to remove the value of identified non-real property elements from the real property value. This article examines theory and practice surrounding one recognized yet debated non-real property element: the trained and assembled workforce. The article describes the appraisal context where an assembled workforce is likely relevant, the theoretical footings of this intangible asset, and a step-by-step conceptual treatment of the assembled workforce in real property valuations. Then, a case study is presented that demonstrates a unique market test of basic concepts. The article concludes with key practical insights for real property appraisers and related practitioners.

JEL-codes: C00 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vaj:journl:v:17:y:2021:i:2:p:70-97

Access Statistics for this article

The Valuation Journal is currently edited by Ion Anghel

More articles in The Valuation Journal from The National Association of Authorized Romanian Valuers Contact information at EDIRC.
Bibliographic data for series maintained by Stefan Alexandru ().