Appraisers
LOCAL RULE 61.1. Appraisals
The fiduciary may name an appraiser or request the Court to name an appraiser to appraise any asset of an estate. Any asset, the value of which is readily ascertainable, is not required to be appraised but shall be included in the Inventory. It is presumed that the County Auditor’s valuation of a parcel of real estate, whether improved or unimproved, is a readily ascertainable value and may be used in lieu of a formal appraisal. Notwithstanding the foregoing, the Court may, at its discretion, order a formal appraisal of the subject premises.
LOCAL RULE 61.2. Real Estate Appraisers
An appraiser of real estate must be experienced in appraising Mahoning County property and shall not be a member of the decedent’s or ward’s family and shall not be a family member, business associate, client or agent of the fiduciary or attorney of record.
LOCAL RULE 61.3. Personal Property Appraisers
An appraiser of personal property must be experienced in appraising the type of personal property being appraised.
LOCAL RULE 61.4. Fees for Real Estate Appraisers
Appraisers’ fees for real estate shall be based upon the entire undivided value of the assets subject to appraisal. Fees shall be computed as follows:
(1) $1.50 per thousand for the first $200,000 of valuation.
(2) $1.00 per thousand in excess of $200,000 of valuation.
(3) The minimum fee shall be $100.