Louisiana Administrative Code
Title 70 - TRANSPORTATION AND DEVELOPMENT
Part XVII - Real Estate
Chapter 5 - Appraisal Handbook for Fee Appraisers
Section XVII-531 - Valuation of the Remainder
Current through Register Vol. 50, No. 3, March 20, 2024
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.
AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.
