Center for Property Rights

02/01/96 – Proper⁠t⁠y R⁠i⁠gh⁠t⁠s and ⁠t⁠he No⁠t⁠⁠i⁠on of G⁠i⁠v⁠i⁠ngs

By: The James Madison Institute / 1996

by John R. Smith

Let’s say you happen to own a fern farm in Volusia County and the state builds a highway nearby that causes the value of your land to rise considerably. Question: should you be required to compensate the government for “giving” you an increase in the value of your property?