appraiser

If selected, the city will purchase the property for 75% of what an appraiser determines to have been the fair market value of the land and improvements on Dec. 1, 2022, minus some of the transaction and demolition costs.

The result: longtime homeowners pay very little, newcomers pay more and businesses face some of the state’s highest property tax rates, said Suzanne Widenhouse, the county’s chief appraiser.

Many major firms rely on a third-party appraiser to determine the worth of a fund’s assets, in part so investors can trust that the appraised value is accurate and not unduly influenced by the firms.

While it uses a third-party appraiser and an outside auditor, the firm has the final say on the appraised value of its own assets.

A former BAM board member, art history professor and art appraiser who’s new to nonprofit management, Scher became BAM’s interim executive director last September and was permanently appointed in February.