§ 19:373 — Appointment of appraisers

Louisiana § 19:373

• Jurisdiction: Louisiana
• Title 19: Corporations and Associations

Text

§373. Appointment of appraisers
A. The governing authority shall select one or more appraisers licensed pursuant to
the Louisiana Real Estate Appraisers Law to estimate just compensation to be paid to the
property owners except when the estimate is expected to exceed thirty thousand dollars in
which case two or more appraisers shall be selected. When the governing authority cannot
amicably acquire clear title to property solely for reasons unrelated to the amount of just
compensation to be paid, such as unopened successions, absentee defendants, or partial
interests, one person shall be selected to make the estimate regardless of the amount. The
appraiser performing the estimate shall be familiar with land values in the vicinity of the
property and shall conduct the appraisal in accordance with real estate appraisal guidelines.
B. Prior to filing a petition for expropriation, the governing authority shall provide
to each owner the following information with respect to each estimate of the loss:
(1) The name, address, and qualifications of the person or persons preparing the
estimate.
(2) A copy of the estimate prepared by each appraiser including a description of the
methodology used in the estimate.

Legislative History

Acts 2020, No. 229, §1, eff. June 11, 2020.