Takings Flashcards
Takings - Definition
Private property shall not be taken for PUBLIC USE without JUST COMPENSATION
Needs to be RATIONALLY RELATED to a CONCEIVABLE public purpose.
Takings - Public Use / Just Compensation
Public Use - Need only be RATIONALLY related to a CONCEIVABLE PUBLIC PURPOSE
Includes taking private property to resell for economic development purposes
Just Compensation - Fair Market Value at the time of taking
Takings X Regulation
If there is a mere regulation on property, compensation is generally not necessary
Takings X Regulation
Economic Impact
An adverse economic impact of the government’s action does not necessarily mean there has been a taking.
Regulation can affect the value of the property but that does not trigger a right to compensation
Takings - Physical Occupation
If the government physically occupies a private owner’s property, then a taking has occurred and it owes just compensation
Zoning (Taking?)
Not a taking and no compensation is required, so long as the zoning ADVANCES LEGITIMATE INTEREST and does not EXTINGUISH a FUNDAMENTAL ATTRIBUTE of ownership
However, a zoning regulation can be considered a TAKING when it leaves NO ECONOMICALLY VIABLE USE for the property
Regulatory Taking
A zoning regulation can be considered a taking when it leaves no economically viable use for the property