Theoretical Framework and Empirical Analysis
Chapter 8: Adjudicated compensation in New York City and the failure of appraisal methods
This chapter examines whether adjudicated (rather than settled) compensation in New York City between 1990 and 2003 approximates fair market value of the condemned property. Using information revealed by court opinions, this chapter further demonstrates that the assessment methods used by appraisers are problematic. For an overview of takings law in New York City, see Chapter 7.
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