Contributory Value

Contributory Value

In real estate, a portion of the land or the improvements on it that increases its value. For example, the contributory value of the mother-in-law suite in a back yard may increase the value of a home by $25,000.
References in periodicals archive ?
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.
The estimated value will also not include personal items, furnishings, or other found to not have contributory value found typical in valuing similar type units.
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.
* 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.