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2-11-7. Synopsis: Land valuation in eminent domain proceedings. Defines the fair value of real property as 150% of the highest and best use of the property. Provides that in a proceeding for the condemnation or appropriation of property for public use, a person appointed to appraise the property shall use the fair value of the property as the basis for fixing the amount of compensation, damages, or benefits to be awarded or assessed. Makes conforming amendments to Indiana Code provisions governi.

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