1st DCA – Property Appraiser Must Consider Zoning Restrictions in Choosing Comparable Property for Valution
Carabelle Properties, LTD v. Pendleton et al, 34 Fla. L Weekly D800 (Fla. 1st DCA 2009)
The 1st DCA held that the circuit court was incorrect in approving a property valuation where the property appraiser did not comply with the applicable statute. The property appraiser had not properly considered land use restrictions applied to the golf course being appraised in determining the value of the property, and had considered other property that did not have the same restrictions in establishing comparable values.
The 1st DCA held that the circuit court was incorrect in approving a property valuation where the property appraiser did not comply with the applicable statute. The property appraiser had not properly considered land use restrictions applied to the golf course being appraised in determining the value of the property, and had considered other property that did not have the same restrictions in establishing comparable values.