Section 18: Overlooked Items in Property Valuation (for State)Anchor: #i1005012
The acquiring agency, through property owner contact and by property examination, must determine if items of value were overlooked in the appraisal process. If items were overlooked, suspend negotiations and determine the need for reappraisal or necessary corrective action to obtain a revised approved parcel value.
NOTE: Private utility facilities, as opposed to public utility and common carrier facilities, are very often overlooked and omitted from consideration in the parcel’s approved value. Private utilities, gathering lines, and the like that do not directly or indirectly serve the public should be viewed and valued in the same manner as any other improvement on property to be acquired for highway construction. Refer to example 14 on the Parcel Numbering Chart in TxDOT’s Right of Way Manual Vol.1 - Procedures Preliminary to Release.