How will the affected property owners be compensated for the economic and environmental impacts to their property?
Property owners whose land is acquired or adversely affected by any public project will receive all of the compensation the state constitution guarantees and the Texas courts have deemed appropriate over the years. Generally, that includes the fair market value of the property acquired, plus all compensable damages special or unique to the owner’s remaining property, which may include deprivation of reasonable access, loss of or damage to improvements, including fences, and increased proximity damages.
Related Questions
- Why is the focus of the update exclusively on shoreline property owners? Are not most of the impacts caused by development of the watershed generally?
- How will affected property owners be compensated? How will the compensation be determined and when would it be paid?
- How will the affected property owners be compensated for the economic and environmental impacts to their property?
