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Water is big news and the water rights associated with a parcel of land can have a huge impact on property value. In The Appraisal of Water Rights, author Steven Herzog, MAI, explores the subject of water and the challenges presented by appraisal assignments involving water rights.
Topics covered include
- the nature and transferability of water rights
- the applicability of appraisal standards, and
- the skills and knowledge needed to handle valuation assignments involving water rights competently.
Case studies demonstrating the appraisal of partial and stand-alone interests are included along with a glossary of water-related terms.
About the Author
Steven Herzog, MAI, is the Northwestern Division Chief Appraiser for the US Army Corps of Engineers. He is a certified appraiser in California and Nevada and has over 25 years of professional appraisal experience. He was granted the Certified Forester designation by the Society of American Foresters and is a Registered Professional Forester in the state of California. He has previously worked as a review appraiser with the Appraisal Services Directorate of the Department of the Interior, as a commercial appraiser with Robert Ford & Associates, Inc., and as head of his own appraisal company that specialized in complex natural resource valuation assignments. He has also written a number of articles for The Appraisal Journal and has spoken at numerous seminars and workshops on water rights and timberland valuation issues.