Property Ownership
A Pennsylvania municipality that condemns private property for a public park must pay the owner:
AThe owner's purchase price from when they acquired the property
BFair market value — the price a willing buyer would pay a willing seller✓ Correct
CAssessed value as determined by the county assessor
DReplacement cost of the improvements only
Explanation
Pennsylvania's Eminent Domain Code requires payment of just compensation, defined as the fair market value of the property taken — the price a willing, knowledgeable buyer would pay a willing, knowledgeable seller in an arm's-length transaction. The owner is also entitled to certain severance damages and moving costs.
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