White Paper

3 Pages
  • 3 Pages

Condemnation Actions: How Valuable Is Your Evidence of Property Value?

 

What exactly is "just compensation?"

Property owners are allowed to collect just compensation that is even with the market value of the property once the government condemns private property for public use. But how is the value determined, what it both parties don’t agree to the value suggested? This white paper reviews how this is handled from the property owner’s opinion and the project influence doctrine.