When the power of eminent domain is exercised,the owners must be given the fair market value of the property as of the time of the taking.

Question

Quizplus · Accepted Answer

This is the standard practice in the United States when exercising eminent domain. The Fifth Amendment to the US Constitution requires that property owners must receive just compensation, which is typically based on fair market value at the time of the taking.

When the Power of Eminent Domain Is Exercised,the Owners Must