Local Ordinance. Requires 3rd Party Appraisals for Local Government Land Transactions with 2 Exceptions

Philadelphia Pennsylvania City Council is poised to require that all local government property transactions require a third party appraisal to determine the value of the property.

The bill makes 2 exceptions:

  • land taken by eminent domain
  • sheriff sales

Phladelphia Business Journal | Bill requiring independent appraisals on Phila. real estate deals likely to become law