Land Use & Zoning
In New Mexico, a regulatory taking occurs when:
AThe government physically occupies private land
BGovernment regulation deprives a property owner of all or substantially all economically beneficial use of the property✓ Correct
CA property is rezoned to a higher-value use
DThe government imposes impact fees
Explanation
A regulatory taking (inverse condemnation) occurs when government regulations go so far as to deprive an owner of essentially all economic use of their property, entitling the owner to just compensation.
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