The EPA's Proposed All Appropriate Inquiries Rule and the Appraisal of Contaminated Properties

摘要

In previous editions of "Environment and the Appraiser," standards and methods for appraising contaminated properties were reviewed and illustrated with case study examples. In this edition of the column, we break from standards and methodology and discuss an issue that is important to the appraisal profession in general and in particular to those who focus some or most of their practice on the valuation of contaminated properties. This issue involves the proposed administrative rule of the U.S. Environmental Protection Agency (EPA) referred to as the "all appropriate inquiries" (AAI) rule and its relationship to existing guidance and practice in valuing contaminated properties.