MTS Journal

A special note from the Editor of ASA’s MTS Journal.

The article discusses the impact of environmental contamination on property valuation, with a focus on recent court decisions and solutions to common problems that valuation professionals encounter when appraising contaminated property.

The article recounts a story of a marine surveyor who oversaw the conversion of a military harbor craft into a yacht and raises questions about the extent of the surveyor's responsibility and the need for due diligence.

This article continues the earlier discussion by summarizing Agripac. Inc, y. Depart­ment of Revenue, a June 1990 decision by the OR Tax Court concerning the valuation of an owner-occupied, special-purpose industrial property.

News from ASA’s Machinery and Technical Specialties Committee.