Property owners affected by eminent domain are entitled to just compensation, which usually includes the highest and best use value for their land taken and any damages to the remainder parcel. Typically, the court system seeks to achieve just compensation through the remedy of damages. It’s important for both property owners and attorneys to recognize the types of eminent domain damages that may or may not be available when calculating just compensation.
Numerous eminent domain damages exist, including but not limited to the following:
Highest and best use
Before and after value
Assemblage and plottage
Minerals on property
Loss of business value
Inconsistent highest and best use
View the videos above for more information on eminent domain damages including highest and best use, before and after value, assemblage and plottage, contaiminated property, minerals and loss of business.