37 Miss. Code R. § 1-8401-03000-500
Current through December 10, 2024
MDOT may determine that an appraisal is unnecessary because the valuation problem is uncomplicated and the fair market value is estimated at low value, based on a review of available data. Low value is defined as not exceeding $10,000. A Value Determination acts as the offer of just compensation. When the acquisition agent provides a Value Determination offer of just compensation, the property owner is advised of their right to an appraisal.
37 Miss. Code. R. § 1-8401-03000-500