Land Use & Zoning
When property is taken by the government through eminent domain, the owner is entitled to:
AThe assessed value
BJust compensation, typically the fair market value✓ Correct
CThe original purchase price plus interest
DReplacement cost of the improvements
Explanation
The Fifth Amendment to the U.S. Constitution requires the government to pay 'just compensation' when it takes private property through eminent domain. Just compensation is typically defined as the fair market value of the property taken.
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