Bill would require Indiana DOT to offer 125% of appraised value

The Indiana Department of Transportation would have to make an original offer equal to 125% of the property's fair market value. This would apply to Indiana Department of Transportation offers to buy property under the referenced law. The value would be based on the appraisal required by the referenced law. This would apply to offers made after June 30, 2026.

A person with an interest in covered property would be entitled to have damages assessed under the eminent-domain process. This would cover an interest in property that has been or may be acquired for public use, or property damaged as a result of public use. This would apply only if the required procedures under this law or prior law were not followed. The assessment would follow substantially the manner provided in the eminent-domain process. This provision would take effect July 1, 2026.