Are there any restrictions on the amount of compensation I can receive?

Yes, there are restrictions on the amount of compensation you can receive for your property in the event of an eminent domain seizure in the state of Nebraska. Under state law, the government is able to take private land for a variety of public uses, including building infrastructure, public projects, and other public uses. In return for seized property, the government is required to pay its fair market value. This value is determined by an appraisal conducted by a neutral third-party appraiser. Nebraska also requires the government to make an offer to the property owner for the full appraised value prior to condemnation. However, the state of Nebraska does place a cap on the amount of compensation that a landowner can receive. This cap is generally set at two times the tax rate of the seized property, or two times the amount of taxes that the individual paid in the previous year. Additionally, the state limits the amount of attorney fees a landowner can receive to no more than 15 percent of the total compensation paid. Overall, the state of Nebraska has implemented a number of restrictions on how much compensation a property owner can receive in the event of an eminent domain seizure. These restrictions are designed to ensure that landowners receive a fair compensation, while at the same time protecting the state from excessive payouts.

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Are there any restrictions on the amount of compensation I can receive?

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