How does the valuation process work?

The valuation process for eminent domain law in California is a multi-step process conducted to determine the fair market value of the subject property. The process begins with an Appraisal Report, which is conducted by a property appraiser and details the property’s estimated market value. This report takes into account any special characteristics unique to the property, such as its location, size, accessibility, and condition. Once the report is complete, it goes to the court for review. The court then considers the Appraisal Report, along with testimony from any parties involved in the case. This testimony can include any agreements that have been made between the party and the government, as well as the testimony of eyewitnesses or property experts. After considering all available information, the court sets a price for the property. The price established by the court is the point at which negotiations between the parties can begin. A jury may be involved in the negotiations, or the parties may be able to reach an agreement without one. If no agreement can be reached, then the court sets the final price. This price is what the government must pay for the property in order to exercise its right of eminent domain.

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How does the valuation process work?

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