If you think it's impossible to assess the value of a property, the whole legal world disagrees with you.
And yeah, the point of eminent domain is to force the sale on unwilling participants. If used sparingly and without discrimination, it's a good power, and part of living in a community that will undertake community projects.
* the underlying assessed value, excluding artificial caps like prop 13
Sure, go with “taxable value”, but let’s not pretend it’s market value any more than the market value of a human life is what an insurance company values it at.
If you think it's impossible to assess the value of a property, the whole legal world disagrees with you.
And yeah, the point of eminent domain is to force the sale on unwilling participants. If used sparingly and without discrimination, it's a good power, and part of living in a community that will undertake community projects.
* the underlying assessed value, excluding artificial caps like prop 13