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Residential Properties Taken Under Eminent Domain: Do Government Appraisers Track Market Values?

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  • Terrence Clauretie
  • William Kuhn
  • Keith Schwer

Abstract

Local governments often use powers of eminent domain to take residential properties for public use. In such cases, the local government will use their appraisers to calculate an offer on the property. If the government's goal is to avoid costly (use of administrative resources) litigation it may have an incentive to over-appraise the properties. Such over-valuation would transfer the cost to taxpayers. This study compares the appraised value of sixty properties taken through eminent domain in Clark County, Nevada to comparable properties sold in free market transactions. The findings indicate a 17% over-appraisal of the properties taken by eminent domain. The findings also indicate that a government may use simple rules for appraising the properties, whereas the market employs more complex rules.

Suggested Citation

  • Terrence Clauretie & William Kuhn & Keith Schwer, 2004. "Residential Properties Taken Under Eminent Domain: Do Government Appraisers Track Market Values?," Journal of Real Estate Research, Taylor & Francis Journals, vol. 26(3), pages 317-328, January.
    • Handle: RePEc:taf:rjerxx:v:26:y:2004:i:3:p:317-328
    DOI: 10.1080/10835547.2004.12091139
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