Resources

Following is a list of resources and additional useful information.

• Jack A. Underdown, Inc.
• The Appraisal Foundation
• North Carolina Appraisal Board
• Appraisal Institute
• Annual Building Permits for Watauga County in Units and Dollars (pdf)

Useful Definitions

Appraisal: The act or process of developing an opinion of value. Appraisal involves selective research into appropriate market areas, the assemblage of pertinent data, the use of appropriate analytical techniques, and the application of knowledge, experience and professional judgment to develop an appropriate solution to an appraisal problem. The appraiser provides the client with an opinion of real property value that reflects all pertinent market evidence.*

Rights of Way: The right to pass over the land of another in some particular path; usually an easement over the land of another; a strip of land used in this way for railroad and highway purposes, for pipelines or pole lines and for private or public passage.*

Avigation Easement: Easements over private property near an airport that limits the height of structures and trees, resulting in restriction of use and property rights.

Commercial Real Estate: Any income-producing property. Commercial buildings are used for offices, stores, hotels, banks, restaurants and service outlets.

Condemnation Proceedings: Condemnation is the act or process of enforcing the right of eminent domain, i.e., the taking of private property for public use. Eminent domain is right of government to take private property for public use upon the payment of just compensation. The Fifth Amendment of the U.S. Constitution, also known as the takings clause, guarantees payment of just compensation upon appropriation of private property.*

^{*The Appraisal of Real Estate, 12th Edition. Appraisal Institute.}