Retrospective Valuations

Capital gains tax liability. Disposition of assets under a will or in probate. There are many situations -- none of them lacking stress and complexity -- where you might need an appraisal of property that states an opinion of what the property was worth on a date some time ago, rather than when the appraisal is ordered. For estate tax purposes or capital gains tax purposes, a retrospective or "date of death" valuation is often required. 

Russell Appraisal Service provides retrospective market valuation assignments for attorneys and accountants to assist their clients with complicated real estate valuation assignments.   Retrospective valuations require special expertise and training.  They require a firm that has been in the area for some time and can effectively research historic sales data.  Russell Appraisal Service maintains an extensive data base of residential property sales in Fayette and Wayne Counties dating back more than twenty years.

Real estate isn't like publicly traded stock or other items which don't fluctuate in value very much or for which historical public data is available. You need an experienced, local, professional real estate appraiser bound by the Uniform Standards of Professional Appraisal Practice (USPAP).  For a high degree of confidentiality and professionalism, you need the kind of quality report and work product taxing authorities and courts expect.   This service is provided by Jennifer Russell and Russell Appraisal Service.