Land Use & Zoning
A taking under the Takings Clause of the Fifth Amendment that does not involve physical occupation of property but results in complete loss of economic value is called a:
APartial taking
BRegulatory taking✓ Correct
CInverse condemnation
DPolice power action
Explanation
A regulatory taking occurs when a government regulation (such as a zoning ordinance) deprives a property owner of all or substantially all economic value of their property without physical occupation, potentially requiring just compensation.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
Math Concepts
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