Don’t get taken – What you need to know about parcels in eminent domain
Abstract: Eminent domain — when a government pays “just compensation” to take property from a private landowner for public use — is unpleasant enough without ending up being shortchanged in the bargain. Often, the government takes a small portion of a larger property. In these situations, the owner may receive the value of the acquired parcel, as well as economic damages on the property that wasn’t acquired by the government. This article reviews how quantifying the effects of eminent domain on the property’s unacquired portion can help maximize compensation.