What are the different forms of compensation available for a taking?

In Connecticut, there are several different forms of compensation available for a taking, or the legal process by which a government entity is able to seize private property for a public purpose. The first form of compensation is just compensation, in which the property owner is paid an amount of money that is determined fair market value. This amount is assessed by the state and is the full value of the property taken, including any improvements or special values. The second form of compensation is condemnation damages, which is limited to some kinds of takings and compensates the property owner for the economic impact of the taking, such as the value of items that no longer have value, like septic systems or trees. The final form of compensation is relocation assistance, which is provided if the taking requires the owner to move. This may include payments for moving expenses, a payments for the costs associated with finding a new residence, or both. The law also requires certain types of relocation assistance, like a written move policy for tenants and special assistance for the elderly and handicapped.

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What are the different forms of compensation available for a taking?

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