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

Just compensation is the amount of money a person is entitled to receive from the government for taking their land through eminent domain. This amount is determined by assessing the fair market value of the property and can include the costs of any improvements to the property. Just compensation plus interest is an additional amount that is added to the just compensation amount. This interest is generally calculated as the number of years between when the property owner was deprived of the land and when the just compensation amount was awarded to them, and is accumulated at the legal rate of interest until the award is paid. The interest compensates the owner for the time they were not able to use the property, and the added financial burden of having to wait for compensation. In Nebraska, interest is generally added at the legal rate of 8% and is compounded annually.

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

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