Stacy A. Harman


Stacy is a Principal at LFM and has been with the firm for over 30 years. She joined the firm in 1988 as an administrative assistant and has since become a Certified General Appraiser in the State of Maryland, Delaware and Pennsylvania. Stacy is a member of Commercial Real Estate Women – Baltimore and Chesapeake Professional Womens Network. In addition, she serves as Secretary of the Maryland Chapter of the Appraisal Institute.

Stacy has testified as an expert witness in Baltimore County Orphans’ Court. Her valuation assignments have included retail buildings and shopping centers; office buildings; industrial buildings; special purpose properties; automobile dealerships, country clubs and golf courses, marinas, churches, schools, partial takings, conservation easements, planned developments, residential subdivisions; and unimproved land. Her assignments have been concentrated in the Baltimore/Washington metropolitan area, Maryland’s Eastern, Southern, and Western Shores and Delaware.

What Our Clients are Saying

Stefan F. Tucker • Venable LLP


"As a lawyer specializing in estate and income tax planning, which often encompasses transfers by gift or bequest of interests in real property and interests in closely-held entities, such as partnerships, limited liability companies and S corporations, I am compelled to seek valuations of such interests by recognized experts in the field, so that the valuations attached to the gift or estate tax returns are “adequate disclosure” for Federal tax purposes.

In my practice, I have found that Lipman Frizzell and Mitchell is extraordinarily qualified to prepare the necessary valuations. Ron Lipman, Ryland Mitchell and the others at the firm carefully review all facts and make certain that the relevant documentation accords with their expectations so that their appraisals will stand up under heavy scrutiny by the Internal Revenue Service and State taxing authorities. They carefully consider minority interests in property and in entities, the different types of property within entities, and the presence or absence of restrictions on transfers in the appropriate documentation.

The bottom line is that at all times Lipman Frizzell and Mitchell is at the very top rung of appraisers. I would recommend them to anyone seeking to work with the very best."