How does INDOT compensate for lost property or property value?
Property that is impacted by a State road project is typically acquired at fair market value. Through a well-defined land acquisition process, the State assesses the level of impact to a particular property, performs an appraisal, and, where appropriate, formulates a relocation package for the impacted residents or business.
Related Questions
- How do I determine the estimated market value of a particular property using the Comparable Sales provided by RealtyTrac?
- How may I get reimbursed for lost business or property value that I feel is due to contamination from the base?
- Is original warrant article silent as to value of personal property to be donated?
