Land Use
When the government makes its initial offer of compensation for condemnation under eminent domain, it often misjudges the situation and lowballs its offer, either because officials make an honest mistake or because they are not used to Texas landowners being protected by aggressive lawyers like those you will find at McDowell Wells. Let us help ensure you get fair and just compensation for your land. Call us at (866) 406-6020 or e-mail us today.
Texas Eminent Domain Attorneys: Land Use and Fair Value
In general, the fair compensation value for land seized through eminent domain is based on its best and highest use. The current land use, as well as any reasonably foreseeable uses in the future can be factored into the valuation, but the fair value of land is not necessarily determined by the potential use of the land.
For example, if the government wants to seize part of your property to turn it into public land, you cannot expect compensation for the potential value if you had sold it to a real estate developer or a company that wanted to build a manufacturing plant or office building if no such offers exist.
Questions about land use and fair compensation? Get answers today.
Call McDowell Wells in Houston at (866) 406-6020 or e-mail us now.
Rural land prices in Texas have risen dramatically. A property that was worth six or seven hundred dollars an acre five years ago may now be worth three thousand dollars an acre. This is why appraisal is so crucial, so that the true market value of your land is reflected in the fair and just compensation you are entitled to in an eminent domain proceeding. That is one reason why having the advice of an experienced land use and eminent domain attorney at McDowell Wells can be so valuable.
We can help you determine the fair amount you deserve for your land, and will fight to get you just compensation in condemnation proceedings. In fact, it is sometimes possible to get more than market value for your property, based upon our ability to negotiate with the government and to make the special commissioners understand your position. Contact us today for a free consultation.
Free Consultation · Se Habla Español · (832) 266-0635 · E-Mail Us
Related topics discussed on this website include:
