The prejudgment interest rate in a condemnation case is equal to the postjudgment interest rate at the time of judgment and is computed as simple interest.
Tex. Fin. Code § 304.201
PREJUDGMENT INTEREST RATE FOR CONDEMNATION CASE
Applied in 1 court decision — leading case City of Houston v. Texan Land and Cattle Co. (2004)
Most recently applied in City of Houston v. Texan Land and Cattle Co. (July 2004)
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.