Higher Federal Land Appraisals: Including Historical Fair Values.
This bill changes how the Secretary of Agriculture appraises land, typically for national forests or public use. Instead of relying solely on the current fair appraised value, officials must now consider the highest fair appraised value, including historical valuations. This ensures that landowners whose property is acquired by the federal government may receive potentially higher and fairer compensation.
Key points
Changes the rules for appraising real estate acquired by the federal government (Secretary of Agriculture).
Appraisals must now include the highest fair appraised value, including historical valuations.
Potential for higher compensation for citizens whose land is acquired for public purposes like national forests.
Status:
Placed on Calendar
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