Land Use & Zoning
Eminent domain in Alaska requires the government to pay the property owner:
AAssessed value
BJust compensation (fair market value)✓ Correct
CReplacement cost
DAppraised value minus depreciation
Explanation
The Fifth Amendment to the U.S. Constitution and Article I, Section 18 of the Alaska Constitution require just compensation — generally interpreted as fair market value — when the government takes private property through eminent domain.
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