FAIR Appraisal Guide
Can One Appraisal Report Be Used for Insurance and Tax? | FAIR FAQ
One report can sometimes be reused, but separate insurance and tax reports are often safer because valuation context and stakeholder expectations differ.
- Match the appraiser to the item category.
- Confirm the report purpose before pricing.
- Compare fee disclosure before outreach.
If two stakeholders need different framing, split outputs early.
- Different valuation basis requirements.
- Different review audiences and standards.
- Lower risk of misapplied report language.
- Can shared evidence still be used? Yes, intake evidence can be shared while final narratives differ.
- What is the main risk of one report? Context mismatch between insurance and tax review standards.
- What is the practical recommendation? Use purpose-specific final deliverables when in doubt.