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

In Washington, the legal process of Eminent Domain allows the government to take property from private owners under certain circumstances and with proper compensation. The law requires that property owners receive just compensation for the taking of their property. Generally, a taking occurs when the government removes a property owner’s right to use or possess their land without their permission. When this occurs, there are numerous forms of compensation available to the property owner. The government may offer cash or monetary compensation, which is the most common form. This cash payment is usually based on the fair market value of the property before it was taken. In addition, the government may also provide relocation assistance, which is commonly offered to individuals who must move as a result of the taking. Furthermore, the government may offer in-kind compensation, which is a payment made in the form of a replacement or similar property of equal or greater value. This may be an attractive option for some owners who want to continue living in their current neighborhood or area. Lastly, the government may provide specific performance compensation in cases where the property is required to be used for a specific purpose, such as a government building or public park. In all cases, Washington state law requires that property owners receive fair and just compensation for the taking of their property. Although the value of the taken property may not be fully compensated, the amount of compensation provided must be fair and reasonable.

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

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