La. Admin. Code tit. 70 § XVII-523

Current through Register Vol. 50, No. 11, November 20, 2024

Section XVII-523 - Interest Being Appraised (Formerly Section 521)

A. The interest being appraised is full ownership, less mineral rights. Each appraisal will show an estimated value of the total interest held. No breakdown of individual interests, other than lease fee/leasehold interests, held in the ownership should be made except as specifically instructed by the LDOTD. However, servitude and/or similar encumbrances on properties being appraised should be investigated and reported within the appraisal report.

La. Admin. Code tit. 70, § XVII-523

Promulgated by the Department of Transportation and Development, Office of Real Estate, LR 25:884 (May 1999), amended LR 33:1373 (July 2007).

AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.