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Unit Value of Land Acquisition

This forum is to provide discussion, advice and assistance related to methods, or procedures, for placing a value on real property or interests in real property for right-of-way purposes. Discussion on concepts, practices and procedures related to measuring the economic impact of right-of-way acquisition, and subsequent construction, on the affected parcel and any remainder parcel are encouraged. It is also established to provide a venue to examine, monitor and report on legislation or changes in legislation pertaining to such methods or procedures.


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Unit Value of Land Acquisition

Postby Ted on Mon Feb 02, 2009 4:48 pm

New to this.
State wants to acquire approx. 80 acre school site from a 2,200 acre larger parcel. Is there case law or precedence that would support valuing the partial acquisition (80 acres) as an 80 acre parcel, or must the partial acquisition be valued at the unit value of the larger parcel?
Ted
 
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Postby Richard Welch on Tue Feb 03, 2009 11:50 am

You will need to find out if in your state if judges will allow you to just appraise the take and not the before and after value. I believe that in Washington State judges have recently allowed appraiser's to just appraise only the take in certain situations. It would be best to get a legal opinion from an attorney to determine if appraising only the take area would be adequate.
Richard Welch
 
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Postby Stanley@MMWD on Wed Feb 11, 2009 9:37 am

You shouild appraise the before and after value.
Stanley@MMWD
 
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