Missouri SB1698 modifies condemnation proceedings by altering compensation standards and negotiation requirements.
Missouri SB1698 revises the state's condemnation proceedings by adjusting the compensation standards for property taken through eminent domain. It mandates that just compensation for condemned property be set at 150% of the fair market value, plus any applicable taxes. The bill also introduces additional compensation for homestead takings, beginning farmer takings, and properties with heritage value. Furthermore, it requires condemning authorities to engage in good faith negotiations with property owners before filing a condemnation petition.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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