Department of Transportation v. Byrum

JOHNSON, Judge.

In defendants’ sole Assignment of Error, they contend the court committed reversible error by ruling that the expert testimony of Jack A. Williford was inadmissible for the purpose of establishing fair market value of the land at issue. Specifically, defendants contend that the capitalization of income approach utilized by Mr. Williford as his method of appraisal is a proper method in determining fair market value in condemnation cases. We disagree and find defendants’ reliance upon two recent decisions from this Court, Raleigh-Durham Airport Authority v. King, 75 N.C. App.…