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

Just compensation and just compensation plus interest are two terms used in the context of the Colorado eminent domain law. Just compensation refers to the money that the government is legally required to pay to a property owner when they take ownership of the land. This money must cover the full market value of the property, including the fair market value of any resources on the land. Just compensation plus interest is an additional amount of money given to the property owner to make up for the time the government has had use of the property. This money is not required by law, but it is often awarded when the government has taken a long time to acquire the property. The amount of the interest is calculated based on the amount of just compensation given, and the length of time the government has had use of the property. To sum up, just compensation is the full market value of the property that the government is legally required to give to the property owner. Just compensation plus interest is an additional amount of money that may be given to the property owner when the government has had a long duration of use of the property. This money is meant to compensate the property owner for the delay in the acquisition of the property.

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

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