Land Use & Zoning
In New Mexico, 'eminent domain proceedings' for a highway expansion would require the government to pay the property owner:
ANothing—it is a government right
BJust compensation based on the fair market value of the property taken✓ Correct
COnly the assessed value for tax purposes
DWhatever the property sold for 5 years ago
Explanation
The Fifth Amendment requires the government to pay just compensation when taking private property through eminent domain. Just compensation is generally defined as the property's fair market value.
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