Expropriation can be defined as the government’s right to take the whole or part of privately owned land (and buildings) for public use and benefit, upon the obligation to pay fair compensation to the owner. Depending on the nature of the situation and the applicable legislation, the owner of the property can receive compensation in the form of market value of the property, injurious affection, disturbance, and special value. Interest and consulting costs are also commonly awarded in the owner’s compensation package.
The Manitoba Expropriation Act defines market value as “the amount that the land might be expected to realize if sold in the open market by a willing seller to a willing buyer”.
Preparing an appraisal report for the purposes of expropriation/partial taking is a very specialized area of valuation. It is important that your appraiser understand the legal aspects of expropriation in order for an accurate and appropriate methodology to be employed.
Stevenson Advisors has extensive experience dealing in the appraisal of property for the purposes of expropriation, including the identification and valuation of all types of damages. Appraisals are performed for clients from all levels of government, utility companies and others with expropriation authority as well as for expropriated parties. If a negotiated settlement cannot be reached between the property owner and expropriating authority, our experienced consultants will act as an expert witness on your behalf in expropriation hearings.
When notified of a planned expropriation, contact us as soon as possible to receive a no-obligation quote for services.