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Expert Analysis

Greater Guidance Comes To Calif. For Land Appraisals

Law360, New York (September 5, 2014, 10:21 AM EDT) -- Courts have long recognized that valuing mineral rights in eminent domain proceedings is inherently speculative, which can lead to wide swings in property valuations. So how can appraisers, property owners and public agencies best deal with the uncertainty involved in valuing property that has the potential for mineral exploitation? In a recently published decision, San Diego Gas & Electric Company v. Schmidt, a California state appeals court provided guidance on valuing mineral rights on land taken by eminent domain....

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