As a result of the recent increase in the Federal Reserve discount rate, statutory interest in appraisal cases is now up to 6%, compounding quarterly.  The discount rate had been 0.75% from February 19, 2010 through December 17, 2015, at which time it was increased to 1%.  As the appraisal statute sets interest at 5% over the Federal Reserve discount rate, the recent .25% increase pushes the appraisal interest rate up from 5.75% to 6%.

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