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IS MARKET VALUE JUST COMPENSATION

J L Allard

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Abstract

CONTROVERSY INCREASES OVER THE DIFFERENCE BETWEEN VERDICTS RENDERED BY JURIES IN EMINENT DOMAIN PROCEDINGS, AND THE VALUE ESTIMATE OF THE TAKING AND SEVERANCE DAMAGES TO THE REMAINDER, BASED ON THE FAIR MARKET VALUE CONCEPT. COULD IT BE THAT MARKET VALUE DOES NOT ACCURATELY MEASURE JUST COMPENSATION{ HAVE APPRAISERS FAILED AS EXPERT WITNESSES ON VALUATION. OR IS IT BECAUSE THE JUDICIAL SYSTEM ALLOWS LAYMEN TO JUDGE ON REAL ESTATE VALUATION{ IT IS SUGGESTED THAT COMPENSATION VALUE IS A MORE APPROPRIATE MEASURE OF JUST COMPENSATION. /AUTHOR/

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What this paper is about

CONTROVERSY INCREASES OVER THE DIFFERENCE BETWEEN VERDICTS RENDERED BY JURIES IN EMINENT DOMAIN PROCEDINGS, AND THE VALUE ESTIMATE OF THE TAKING AND SEVERANCE DAMAGES TO THE REMAINDER, BASED ON THE FAIR MARKET VALUE CONCEPT. COULD IT BE THAT MARKET VALUE DOES NOT ACCURATELY MEASURE JUST COMPENSATION{ HAVE APPRAISERS FAILED AS EXPERT WITNESSES ON VALUATION. OR IS IT BECAUSE THE JUDICIAL SYSTEM ALLOWS LAYMEN TO JUDGE ON REAL ESTATE VALUATION{ IT IS SUGGESTED THAT COMPENSATION VALUE IS A MORE APPROPRIATE MEASURE OF JUST COMPENSATION. /AUTHOR/

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Available abstract

CONTROVERSY INCREASES OVER THE DIFFERENCE BETWEEN VERDICTS RENDERED BY JURIES IN EMINENT DOMAIN PROCEDINGS, AND THE VALUE ESTIMATE OF THE TAKING AND SEVERANCE DAMAGES TO THE REMAINDER, BASED ON THE FAIR MARKET VALUE CONCEPT. COULD IT BE THAT MARKET VALUE DOES NOT ACCURATELY MEASURE JUST COMPENSATION{ HAVE APPRAISERS FAILED AS EXPERT WITNESSES ON VALUATION. OR IS IT BECAUSE THE JUDICIAL SYSTEM ALLOWS LAYMEN TO JUDGE ON REAL ESTATE VALUATION{ IT IS SUGGESTED THAT COMPENSATION VALUE IS A MORE APPROPRIATE MEASURE OF JUST COMPENSATION. /AUTHOR/

Key concepts: Severance, Valuation (finance), Market value, Real estate, Fair market value, Compensation (psychology), Actuarial science, Damages

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