Section 5: Evaluation of Real Property To Be Exchanged: ROW, Easements, Access Rights, Roadside Parks, and Material SitesAnchor: #FNEFNMHM
Where surplus land is to be exchanged as consideration for needed land, the surplus property may not need to be appraised but may be computed by the staff appraiser on a unit basis in accordance with the following criteria:
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- If the surplus property is of the same type or character as the land to be acquired, the surplus land will be valued by applying the unit value assigned to the land to be acquired. Anchor: #CGOYNRIM
- If the surplus property is not of the same type or character as the land to be acquired, the surplus land should be valued by applying the unit value that has been assigned to that portion of the landowner's whole property that is similar to the surplus in type or character. For example, if the land to be acquired is front land but the surplus land is back land, TxDOT will assign value based upon the value of the back land. Anchor: #XUTHDFHU
- The effect of any existing facility or buildings, if any, on the surplus property should be considered in determining the value for such surplus property. Anchor: #AITQTQLW
NOTE: If any improvement not owned by TxDOT exists on the property to be exchanged, it will not be valued.
The staff review appraiser using information from the appraisal of the land to be acquired may compute the value assigned to the surplus property under the above situations.
See TxDOT’s Right of Way Manual Vol. 5 - Property Management, Chapter 1, for more information on appraisal issues in property management.