A landowner received a condemnation notice from the state transportation department, which plans to use her land for a new bus rapid transit station. The landowner believes her property is worth $500,000, but the state's appraiser valued it at $380,000. What is the landowner's best course of action to receive fair compensation?
Correct Answer
A) Challenge the valuation in court and present her own appraisal evidence to establish just compensation
Property owners have the constitutional right to challenge the government's valuation in a condemnation proceeding. The court will consider appraisal evidence from both sides and determine the amount of just compensation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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