In Colorado, eminent domain allows the government to take private property for public use. The constitutional requirement is that:
Why Just compensation must be paid to the property owner Is Correct
Answer B: Just compensation must be paid to the property owner
The Fifth Amendment to the U.S. Constitution (incorporated to states through the Fourteenth Amendment) requires that when the government exercises eminent domain, it must pay 'just compensation' — typically fair market value — to the property owner.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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