Periodically we like to offer information on this website that identifies books and publications that we use in our appraisal practice. One such publication is Real Property Valuation in Condemnation published by Appraisal Institute, 2018.
Some definitions and concepts provided within the text include:
Just Compensation – “The Dictionary of Real Estate Appraisal defines just compensation
as, “the amount of loss for which a property owner is compensated when his or her property
is taken. Just compensation should put the owner in as good a position pecuniarily as he or
she would have been if the property had not been taken.” Black’s Law Dictionary provides
another definition of just compensation: Under the Fifth Amendment, a payment by the
government for property is has taken under eminent domain-usu. the property’s fair market
value, so that the owner is theoretically no worse off after the taking.”
Appraisal concepts covered in this publication include, but are not limited to:
- The Litigation Environment
- Origin of Eminent Domain and Just Compensation
- Legal Measurements of Just Compensation
- The Larger Parcel
- Damages in Partial Taking Cases
- Easements
- Inverse Condemnation and Regulatory Takings
- Preparation for Trial
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