La. Admin. Code tit. 70 § XVII-555
Current through Register Vol. 50, No. 11, November 20, 2024
A. When estimating the market value of on-site advertising signs for businesses, whether owner occupied or not, the market value of the sign will be determined by the Appraiser (ex.: RCN - DEPR. = MV).B. Off-site advertising signs (billboard) values are determined by the appraiser based upon the market value (ex.: RCN - DEPR. = MV). The review appraiser will then provide, with the help of a construction cost consultant, the replacement cost new of this type of sign to be included within the recommended offer as per LDOTD policy. If the sign can not be replaced; then, other means of valuation may be utilized.La. Admin. Code tit. 70, § XVII-555
Promulgated by the Department of Transportation and Development, Office of Real Estate, LR 33:1379 (July 2007).AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.