Can I be forced to sell my property for less than the fair market value?

In Nebraska, it is not possible for the government to take employees’ private property without providing just compensation for it. This is a part of the power of eminent domain law. The state has established a set of rules that must be observed when the government exercises its power to take private property. In general, the government must pay the owner of the property at least an amount equal to the fair market value of the property, meaning that the owner is not forced to sell for less than the fair market value of the property. The Nebraska Constitution also includes provisions that govern the use of eminent domain. Specifically, the government must pay a landowner the full market value of the property, plus relocation costs when the government takes personal property for use in a public project. Additionally, when the government exercises its power to take property, the government must also provide an opportunity for the property owner to challenge the amount of compensation offered. This process is known as “inverse condemnation.” In summary, by law, you cannot be forced to sell your property for less than the fair market value, as this is a violation of the eminent domain law in Nebraska. Furthermore, if the government attempts to take your property, you have the right to challenge the amount of compensation that the government is offering.

Related FAQs

What is the difference between a public use and a public necessity?
Are there any restrictions on the type of property subject to eminent domain?
What is condemnation?
Can the government take my property?
What constitutes a public use of eminent domain?
What is the difference between just compensation and just compensation plus interest?
What is the difference between a condemnee and a condemnor?
How do I prepare for an eminent domain proceeding?
What is the difference between value for tax purposes and market value?
What are my rights under eminent domain law?

Can I be forced to sell my property for less than the fair market value?

Related FAQs

Related Blog Posts