327G.79 - VALUING PROPERTY IN CONTROVERSY.
327G.79 VALUING PROPERTY IN CONTROVERSY. The department of inspections and appeals' determination and order shall be just and equitable and in the case of the determination of the fair market value of the property, shall be based in part upon at least three independent appraisals prepared by certified appraisers. Each party shall select one appraiser and each appraisal shall be paid for by the party for whom the appraisal is prepared. The two appraisers shall select a third appraiser and the costs of this appraisal shall be divided equally between the parties. If the appraisers selected by the parties cannot agree on selection of a third appraiser, the state department of transportation shall appoint a third appraiser and the costs of this appraisal shall be divided equally between the parties. The department of inspections and appeals' determination and order is final for the purpose of administrative review to the district court as provided in chapter 17A. The district court's scope of review shall be confined to whether there is substantial evidence to support the department of inspections and appeals' determination and order. For purposes of this division, unless the context otherwise requires, "department" means the state department of transportation.
Section History: Early Form [82 Acts, ch 1207, § 3]
Section History: Recent Form 86 Acts, ch 1245, § 1966