Condemnation/Valuation

When government causes removal of a sign, the owner of the billboard and the landowner are required to receive “just compensation.” The fundamental law pertaining to billboard valuation is the Fifth Amendment to the U.S. Constitution: “nor shall private property be taken for public use, with just compensation.” Just compensation is measured by determining the market value based on a bona fide appraisal of the economic value of the lost property interest.

Issue Brief

Legal Primer