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, when it comes to eminent domain law in New York, is determined by a few factors. Firstly, the amount you are entitled to receive is typically based on your property’s fair market value and other factors such as the damage to your property or the cost of relocation and additional expenses. Secondly, the actual amount you receive is determined by a jury. In court, the jury takes into account the factors mentioned above and other considerations such as the purpose of the taking and the public need. Lastly, the amount the jury decides to award to you is also affected by the amount the government offers you. Generally, the government will offer you what it considers to be the fair market value, but you and the government may disagree on what that is. Ultimately, the amount you receive may be less than what you think you are entitled to, depending on how the jury rules.

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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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