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Before And After Rule
The before and after rule is a method used to measure the difference in value of property before and after certain events, often due to eminent domain activities.
This is so that land owners have a basis to request a certain amount of compensation from the actions that the government takes.
While it is only fair that the government compensates land owners, the market dictates the amount to compensate.
This is why value is estimated before and after the events.
Should the property be “injured”, the government usually also offer a compensation depending on the effect it has on the property value.