Government Power Flashcards
What are the Four Government Powers?
Police Power, Eminent Domain, Taxation, and Escheat
What is the anonym to remember the four government powers?
PETE (Police Power, Eminent Domain, Taxation, and Escheat)
What is Police Power?
The state’s inherent right to regulate an individual’s conduct or property to protect the health, safety, welfare, and morals of the community. (Ex. Zoning, Building codes, and Rent control)
What is Eminent Domain?
The Government can appropriate property if they feel it is for the greater good of the community.
What is Inverse Condemnation?
Allows the property owner to file a claim against the government to recover just compensation for the property that was taken.
What is Taxation?
Property taxes on real estate which is used to pay for services provided by the government.