What is the difference between the amount of compensation I am entitled to receive and the actual amount I receive?

The difference between the amount of compensation you are entitled to receive and the actual amount you receive is known as the taking differential. In Nebraska, the taking differential is the difference between the fair market value of the property taken by the government, and the amount of compensation offered by the government. This difference might be caused by a number of factors, such as government appraisals that underestimate the value of the property, or even that the local laws of Eminent Domain do not favor the property owner’s interest. As a result, the amount of compensation you receive is usually less than the fair market value of the property. Another factor that may influence the difference between the amount of compensation you are entitled to receive and the actual amount you receive is the type of taking that occurs. In Nebraska, there are two types of takings: private takings and public takings. Private takings occur when the government takes property through the laws of Eminent Domain, but pays for it at a rate lower than its fair market value. Public takings, on the other hand, occur when the government takes property for public use, such as for road construction, but pays the owner the full fair market value of the property. In summary, the taking differential is the difference between what you are entitled to receive and what you actually receive from the government when your property is taken. This difference is usually a result of government appraisals that underestimate the value of the property, and the type of taking—either private or public—that occurs. Moreover, the local laws of Eminent Domain in Nebraska could also influence how much you receive.

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What is the difference between the amount of compensation I am entitled to receive and the actual amount I receive?

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