The third article, "An Analysis of Partial Takings and
Contributory Value in the Context of Various Court Decisions," discusses valuation of nonviable public takings, which do not have an independent highest and best use; the article offers a sampling of court opinions to illustrate the various viewpoints.
Anecdotal information from local brokers provided no clear consensus on the
contributory value of the property's extensive green features or its LEED Platinum certification.
While often considered in typically real property valuation settings, it is also properly applied in many other appraisal assignments where real estate
contributory value and earning power is an important element of overall value, whether of equity, total invested capital or a financial interest.
"This approach will enable us to more clearly demonstrate the
contributory value of automation and drive technology to our customers in the context of their immediate challenges, whilst passing on the benefit of a broad supply base and the potential for best practice sharing."
Currently, the
contributory value of a home's green features is rarely part of the equation.
SPECT/CT had, in this case, a significantly higher incremental
contributory value for WBC, contributing to the accurate identification of infection in a patient with suspected temporal osteomyelitis.
The laws concerning mineral rights taxation only refer to severed rights and do not address the
contributory value of mineral rights production to property where there is single ownership of surface and mineral rights.
The ASB voted to remove the current language of the Comment to Standards Rule 1-3(b) and Standards Rule 6-2(k) that stated an "appraiser must recognize that land is appraised as though vacant and available for development to its highest and best use and that the appraisal of improvements is based on their actual contribution to the site." The ASB noted that this language does not recognize the possibility of a different
contributory value under certain circumstances.
This is embedded in an extensive discussion of intrinsic and extrinsic value and also instrumental and
contributory value, which are held to be the two species of extrinsic value.
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Contributory value: The property's value to the owner of a specified other property that could be operated in conjunction with it.
This article addresses condemnation and expropriation; the tests required to establish the existence of a partial taking; and the methods of calculating the
contributory value of land taken when it is impossible or not practical to assign market value directly to the land taken.