You have 3 similar answers with good accuracy. I would say that the city will pay at the low end of market value or tax value in most cases. On Johnston Oehler Rd, the residents were asked to sell their land for road easements for the Mallard Creek High School. The residents were NOT reimbursed from the middle of the road which is where they had paid taxes to. Therefore, my advice to you is to look at your survey to see where you property lines are located, then compare the survey to the rendering of what the city will be taking, calculate the math to make sure it is accurate. Contact your favorite realtor or real estate attorney to see if the compensation reflects the value of that piece of land.
Robin Faison, Broker
You cna get an independnet appraiser if you think the offer si too low. But generally if you are not selling them the whole land with a housae on it..your bargaining is not as strong.
I actually just helped an individual go through this process. However, in my case the city was acquiring almost all of the property including the home on the property. The city went through a process of an independent appraisal as well as vewing individual comps of available "replacement properties." The process will be a little different if they are not actually relocating you but instead just acquring a small portion of your land.
With that being said, they will offer you a fair market value based on the research they conduct. Your location is going to play the biggest factor.