Comments on: Unjust Compensation http://www.thelibertypapers.org/2007/02/05/unjust-compensation/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Sat, 21 Nov 2009 03:11:50 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Brad Warbiany http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-12877 Brad Warbiany Sat, 24 Feb 2007 15:30:12 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-12877 Larry, Will the jury really fix this? The county is offering $200K when <strong>their own property tax assessors</strong> say it's worth $600K. I've heard an interesting thought for eminent domain. Rather than the county assessing your property's value for tax purposes, you assess it yourself. Whatever value you assess, that's what you pay taxes on, but that's also what value the state has to pay you if they want your property for eminent domain purposes. I.e. it's a simple way of buying "insurance" against eminent domain, because if you overvalue your property, you'll be paying more in taxes but less likely to get your property ripped out from underneath you. Larry,

Will the jury really fix this? The county is offering $200K when their own property tax assessors say it’s worth $600K.

I’ve heard an interesting thought for eminent domain. Rather than the county assessing your property’s value for tax purposes, you assess it yourself. Whatever value you assess, that’s what you pay taxes on, but that’s also what value the state has to pay you if they want your property for eminent domain purposes.

I.e. it’s a simple way of buying “insurance” against eminent domain, because if you overvalue your property, you’ll be paying more in taxes but less likely to get your property ripped out from underneath you.

]]> By: Larry http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-12869 Larry Sat, 24 Feb 2007 10:15:09 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-12869 No way. Just compensation for a taking is fair market value. That's determined by a jury after hearing evidence from all sides, but especially from appraisers hired by both the government and the property owner and occasionally even by the court. If the county is offering only one third of a property's value, the jury will at trial no doubt take the county to task for its high-handedness. And in some states, the government would be penalized as well by being required to pay generous attorneys fees. No way. Just compensation for a taking is fair market value. That’s determined by a jury after hearing evidence from all sides, but especially from appraisers hired by both the government and the property owner and occasionally even by the court. If the county is offering only one third of a property’s value, the jury will at trial no doubt take the county to task for its high-handedness. And in some states, the government would be penalized as well by being required to pay generous attorneys fees.

]]> By: A Second Hand Conjecture » The Petty Lords Steal http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10760 A Second Hand Conjecture » The Petty Lords Steal Tue, 06 Feb 2007 00:16:20 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10760 [...] to Doug Mataconis for the pointer. Update: He has a second post here. Technorati Tags: Eminent Domain, Virginia, [...] [...] to Doug Mataconis for the pointer. Update: He has a second post here. Technorati Tags: Eminent Domain, Virginia, [...]

]]> By: Brad Warbiany http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10733 Brad Warbiany Mon, 05 Feb 2007 17:28:03 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10733 They did the same thing after Kelo. When the Kelo folks started fighting their seizure, they were told that they might have to pay the city back rent for their stay during the fight because the city "already owned the properties". I don't know if New London backed off when that came to light, but after they won the court case, they were trying to force the residents to pay them rent for living on city property... And yes, it is most certainly disgusting. You only own property at the pleasure of the legislature, and they'll take it right away when they get a better offer. They did the same thing after Kelo. When the Kelo folks started fighting their seizure, they were told that they might have to pay the city back rent for their stay during the fight because the city “already owned the properties”. I don’t know if New London backed off when that came to light, but after they won the court case, they were trying to force the residents to pay them rent for living on city property…

And yes, it is most certainly disgusting. You only own property at the pleasure of the legislature, and they’ll take it right away when they get a better offer.

]]> By: Jason http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10731 Jason Mon, 05 Feb 2007 17:03:45 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10731 Wow! This is absolutely disgusting. Wow! This is absolutely disgusting.

]]> By: Below The Beltway » Blog Archive » Unjust Compensation http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10727 Below The Beltway » Blog Archive » Unjust Compensation Mon, 05 Feb 2007 15:34:02 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10727 [...] Cross-Posted at The Liberty Papers [...] [...] Cross-Posted at The Liberty Papers [...]

]]> By: The Liberty Papers »Blog Archive » The State Of Property Rights In Virginia http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10726 The Liberty Papers »Blog Archive » The State Of Property Rights In Virginia Mon, 05 Feb 2007 15:29:35 +0000 http://www.thelibertypapers.org/2007/02/05/unjust-compensation/#comment-10726 [...] Unjust Compensation Posted By: Doug Mataconis @ 10:29 am || Permalink || || Categories: Individual Rights, Property Rights TrackBack URI: http://www.thelibertypapers.org/2007/02/05/the-state-of-property-rights-in-virginia/trackback/ Read more posts from Doug Mataconis • • • [...] [...] Unjust Compensation Posted By: Doug Mataconis @ 10:29 am || Permalink || || Categories: Individual Rights, Property Rights TrackBack URI: http://www.thelibertypapers.org/2007/02/05/the-state-of-property-rights-in-virginia/trackback/ Read more posts from Doug Mataconis • • • [...]

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