How are relocation costs determined?

Relocation costs are determined in South Carolina’s eminent domain process according to a set of criteria outlined in the state’s specific statutes. Generally, the person whose property is being taken is entitled to just compensation, which includes relocation costs. The amount of compensation in this case is determined by the appraised value of the property being taken, minus any deductions for items such as special assessments or mortgages. The court can also consider other factors to determine just compensation, such as the cost of finding an equivalent replacement property, moving and storage expenses, any losses to personal property, and other expenses reasonable and necessary to allow the parties to relocate. The goal in determining relocation costs is to ensure that the person being displaced is left in the same economic position as when the eminent domain process began. In addition to the determination of relocation costs by the courts, South Carolina law requires the condemning or “taking” authority to provide funds for relocation assistance. This financial assistance includes payments for moving and relocation-related expenses, as well as services such as housing search assistance. This money is available to the affected parties regardless of the outcome of the eminent domain process.

Related FAQs

What is a taking?
Who is responsible for determining the value of my property?
What is the difference between a public use and a public welfare exception?
What is the difference between a public purpose and a public use?
What is the process for determining the public use of my property?
What are the rights of the property owner during an eminent domain proceeding?
Are there any restrictions as to how the government can use my property?
Can private individuals use eminent domain?
What are the legal requirements for filing an eminent domain action?
What is the difference between just compensation and just compensation plus interest?

How are relocation costs determined?

Related FAQs

Related Blog Posts