Land Use & Zoning
Eminent domain allows the Washington state or local government to take private property for public use. The owner is entitled to:
ANo compensation if it is a regulatory taking
BJust compensation at fair market value✓ Correct
CReplacement value of the property
DAssessed value plus 25%
Explanation
The Fifth Amendment and Washington Constitution require that when government takes private property through eminent domain, the owner must receive just compensation, which is determined as fair market value.
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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.
Math Concepts
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