Name: Paula Wolfe
Title: President of Mass. Board of Real Estate Appraisers
Company: East Bridgewater Assessor's Office
Location: 175 Central St., East Bridgewater, MA 02332
Place of birth and year: East Bridgewater, 1961
Family: Single - 3 children
College: Massasoit College; Fisher Junior Community College
First job outside of appraisal/consulting: Manager for a trucking company
First job in appraisal/consulting or allied field: Field appraiser for Precision Appraisals
What do you do now and what are you planning for the future: I plan to expand the MBREA into a more regional group in New England. We want to reach out to other appraisal organizations and have a stronger one.
Hobbies: Time with family, boating, skiing, snowmobiling, reading
Favorite book: "The Four Hour Chef: The Simple Path to Cooking Like a Pro;" "Learning Anything and Living the Good Life" by Timothy Ferris
Favorite movie: "The Way We Were"
Person you most emulate (outside of family): Jackie Onassis
Key to success (one idea): Hard work
If you were forced to choose another vocation what would it be? Food travel writer
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.