A property owner whose property is taken by the exercise of the power of eminent domain is entitled to be paid:
A) the original cost of the property
B) the cost of the improvements made on the property
C) the fair market value of the property
D) none of the above

Question

​ A property owner whose property is taken by the exercise of the power of eminent domain is entitled to be paid:
A) the original cost of the property
B) the cost of the improvements made on the property
C) the fair market value of the property
D) none of the above

Quizplus · Accepted Answer

The property owner is entitled to be paid the fair market value of the property when it is taken by eminent domain. This ensures they receive just compensation for the property taken.

​ a Property Owner Whose Property Is Taken by the Exercise

a Property Owner Whose Property Is Taken by the Exercise