The Appraisal of Land

Fall 2006, Vol 31, No 2

Abstract: The Appraisal of Land is a virtual encyclopedia of theory and application. Author Max Derbes Jr., CRE, MAI, discusses at length the concept that, under some circumstances, land is not necessarily worth its highest and best use value. Instead, he writes that worth should depend on the land’s value in use and the logical contribution that use has to the value of the property.