What is the difference between just compensation and just compensation plus interest?

Just compensation and just compensation plus interest are both terms used within eminent domain law in California. Eminent domain is the legal process through which the government can use a private property for public use, sometimes against the owner’s wishes. Just compensation is the amount of money awarded to the owner of the property, to reimburse them for the value of their property that was lost due to the government’s taking. It is the amount in which the property was believed to be worth before the taking. Just compensation plus interest refers to the same amount of money, but with additional interest added on. This interest is added to reflect the gains that the owner might have received had they not had their property taken. The owner not only gets just compensation for their loss, but also the amount of money that would have been gained if the property had not been taken. Ultimately, the difference between just compensation and just compensation plus interest comes down to the amount of money that is awarded to the owner of the property. Just compensation is the value of the property taken before it was taken, whereas just compensation plus interest is the value of the property taken plus any interest that the owner would have earned had they not had their property taken.

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What is the difference between just compensation and just compensation plus interest?

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