La. Admin. Code tit. 70 § XVII-531

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

Section XVII-531 - Valuation of the Remainder

A. The value estimate attributed to the remainder is a separate and singular appraisal problem. The appraiser is required to perform a complete appraisal of the remainder.

B. Reference may be made to factual data contained within the "before" appraisal as it pertains to the after appraisal. However, the Appraiser is to separately analyze and document the data to form his/her conclusions within the "after" appraisal.

C. The estimated value of the remainder is to be a realistic appraisal of value. It is required that the appraiser employ all three approaches when they are applicable to the appraisal problem. If and when an approach is not considered applicable, justification shall be provided.

D. The remainder value is not simply a value representing the difference between the value of an entire tract or use tract less the value of the required rightofway, but is a well-supported and carefully analyzed value estimate.

La. Admin. Code tit. 70, § XVII-531

Promulgated by the Department of Transportation and Development, Office of Real Estate, LR 33:1374 (July 2007).

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