7-8-2520. Appraisal required for certain purchases of real property or conservation easements.
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/mt/title-7/chapter-8/part-25/7-8-2520·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-8-2520 . Appraisal required for certain purchases of real property or conservation easements.
(1)Unless otherwise provided by law, a county may not purchase real property in an amount in excess of $20,000 or a conservation easement using public funds in an amount in excess of $80,000 unless the value of the property or conservation easement has been previously estimated by:
(a)a disinterested certified general real estate appraiser selected by the county commission, county attorney, and landowner; or
(b)three disinterested citizens of the county appointed by the district judge.
(2)A county may not pay more than the appraised value for the real property or conservation easement.