- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- North Carolina
How does a local government go about determining what compensation should be for a right-of-way property taking. I am not sure of the facts yet, but I have been told by a realtor that .03 acre of a .16 acre lot is proposed to be taken by a town for a road widening project. I need to determine what effect this will have on the value of the property being reduced. Thanks.