§ 40A-62 – Application.

40A-62. Application. The principles set down in this Article shall govern the determination of compensation to be awarded to the owner by the condemnor for the taking of his property. (1981, c. 919, s. 1.)

§ 40A-63 – In general.

40A-63. In general. The determination of the amount of compensation shall reflect the value of the property immediately prior to the filing of the petition under G.S. 40A-20 or the complaint under G.S. 40A-41 and except as provided in the following sections shall not reflect an increase or decrease due to the condemnation. The day […]

§ 40A-64 – Compensation for taking.

40A-64. Compensation for taking. (a) Except as provided in subsection (b), the measure of compensation for a taking of property is its fair market value. (b) If there is a taking of less than the entire tract, the measure of compensation is the greater of either (i) the amount by which the fair market value […]

§ 40A-65 – Effect of condemnation procedure on value.

40A-65. Effect of condemnation procedure on value. (a) The value of the property taken, or of the entire tract if there is a partial taking, does not include an increase or decrease in value before the date of valuation that is caused by (i) the proposed improvement or project for which the property is taken; […]

§ 40A-66 – Compensation to reflect project as planned.

40A-66. Compensation to reflect project as planned. (a) If there is a taking of less than the entire tract, the value of the remainder on the valuation date shall reflect increases or decreases in value caused by the proposed project including any work to be performed under an agreement between the parties. (b) The value […]

§ 40A-67 – Entire tract.

40A-67. Entire tract. For the purpose of determining compensation under this Article, all contiguous tracts of land that are in the same ownership and are being used as an integrated economic unit shall be treated as if the combined tracts constitute a single tract. (1981, c. 919, s. 1.)

§ 40A-68 – Acquisition of property subject to lien.

40A-68. Acquisition of property subject to lien. Notwithstanding the provisions of an agreement, if any, relating to a lien encumbering the property: (1) If there is a partial taking, the lienholder may share in the amount of compensation awarded only to the extent determined by the commissioners or by the jury or by the judge […]

§ 40A-69 – Property subject to life tenancy.

40A-69. Property subject to life tenancy. If the property taken is subject to a life tenancy, the commissioners, the jury, or the judge may include in the judgment a requirement that: (1) The award be apportioned and distributed on the basis of the respective values of the interests of the life tenant and remainderman; (2) […]