Another appraiser disciplined in easement investigation

William Victor Milenski, a real estate appraiser, has been suspended from the Colorado Board of Real Estate Appraisers for “inflating the value of properties” under evaluation for conservation easements. This is the third appraiser suspension in an investigation prompted by “conservation easements that generated millions of dollars in tax credits.” According to Erin Toll, Director of the Colorado Division of Real Estate, the excessive tax credits were created by “gross overvaluations of land.” Read the Rocky Mountain News article for more information.

In other news, the Colorado Coalition of Land Trusts is telling us that HB 1353, a bill created to increase the accountability and oversight of the state’s conservation easement tax credit system, passed the Colorado Senate and House this week, and is on it’s way to Governor Ritter’s desk.

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