Appraisal Operational Manual
August 2003
This manual was current as of this revision date. Changes may have occurred since that time. For updates, please contact theOffice of Right of Way's appraisal section, Iowa Department of Transportation, 800 Lincoln Way, Ames, Iowa 50010, or 515-239-1258.
Note: If you wish to print or view a complete Appraisal Operational Manual, you may download a PDF file of the Appraisal Operational Manual (488 KB) that can be printed or used for off-line viewing. For viewing the parts of the Appraisal Operational Manual listed below, you will need Adobe Acrobat Reader™.
| Page | ||
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Table of Contents | i |
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The Uniform Act and USPAP | 1 |
| The Uniform Act FIRREA USPAP Appraisal Reporting Appraisal Review |
1 2 3 4 5 |
|
|
Statement of Property Owner's Rights | 7 |
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Appraisal Content Requirements | 9 |
Information Furnished to Appraiser |
9 10 |
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Types and Formats of Appraisal Reports | 15 |
| The Detailed Appraisal Report Value Finding Appraisal Report The Residential Appraisal Report Advertising Device Appraisal Leasehold Appraisal Tenant Owned Improvement Appraisal Fixture and Equipment Appraisal |
15 28 31 31 32 33 34 |
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Additional Information | 35 |
| Project Data Book Number and Submission of Appraisal Reports Revising the Appraisal Report Updating Appraisal Report Parcel Deletion |
35 35 35 36 36 |
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Definitions, Guidelines and Requirements | 37 |
| Standard Definitions Appraisal Guidelines and Requirements |
37 41 |
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Appraisal Review Procedures | 72 |
| Definitions Function and Purpose Review Appraiser's Duties Suggested Review Procedure Disadvantaged Business Enterprise Participation |
72 72 73 76 78 |
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Appendix | 79 |
| Form 633-101 – Appraisal Report (Iowa DOT Logo) | ||
| Detailed – Fee | Exhibit 1-1 | |
| Detailed – Permanent Easement | Exhibit 1-2 | |
| Detailed – Fee and Permanent Easement | Exhibit 1-3 | |
| Value Finding – Fee | Exhibit 1-4 | |
| Value Finding – Permanent Easement | Exhibit 1-5 | |
| Value Finding – Fee and Permanent Easement | Exhibit 1-6 | |
| Form 633-204 – Certificate of Appraiser | Exhibit 2 | |
| Form 633-205 – Purpose, Definitions, Title, etc | Exhibit 3 | |
| Form 633-206 – Assumptions and Limiting Conditions | Exhibit 4 | |
| Form 633-401 – Residential Appraisal Report (Iowa DOT Logo) | Exhibit 5 | |
| Form 633-701 – Appraisal of Sign or Billboard (Iowa DOT Logo) | Exhibit 6 | |
| Form 632-052 – Record of Contacts (All Appraisals) | Exhibit 7 | |
| Form 633-210 – Comparable Sale Data (Rural) | Exhibit 8 | |
| Form 633-215 – Comparable Sale Data (Urban or Residential) | Exhibit 9 | |
| Form 633-301 – Supplemental to Appraisal (Minor Revision) | Exhibit 10 | |
| Form 633-501 – Review Appraiser’s Report | Exhibit 11 | |
| Form 633-102 – Allocation of Just Compensation (Needed for Partial Acquisitions) | Exhibit 12 |
|
| Form 633-502 – Certificate of Review Appraiser | Exhibit 13 | |
| Appraisal Report | ||
| Detailed – Fee | Exhibit 14-1 | |
| Detailed – Permanent Easement | Exhibit 14-2 | |
| Detailed – Fee and Permanent Easement | Exhibit 14-3 | |
| Value Finding – Fee | Exhibit 14-4 | |
| Value Finding – Permanent Easement | Exhibit 14-5 | |
| Value Finding – Fee and Permanent Easement | Exhibit 14-6 | |
| Residential Appraisal Report | Exhibit 15 | |
| Appraisal of Sign or Billboard |
Exhibit 16 | |
| Review Appraiser’s Report | Exhibit 17 | |
| Certificate of Review Appraiser | Exhibit 18 | |
| Instructional Legal Appendix |
Exhibit 19 | |
| Sample of Transmittal Letter |
Exhibit 20 | |
| Summary of Proposed Acquisition Explanation (From ROW Design Section) | Exhibit 21 | |
|
Index |
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