Poli Rev Digest 157847
Poli Rev Digest 157847
Poli Rev Digest 157847
vs.
The value of the property should be fixed as of the date when it was
taken and not the date of the filing of the proceedings. For where
property is taken ahead of the filing of the condemnation
proceedings, the value thereof may be enhanced by the public
purpose for which it is taken; the entry by the plaintiff upon the
property may have depreciated its value thereby; or, there may have
been a natural increase in the value of the property from the time it is
taken to the time the complaint is filed, due to general economic
conditions. The owner of private property should be compensated
only for what he actually loses; it is not intended that his
compensation shall extend beyond his loss or injury. And what he
loses is only the actual value of his property at the time it is taken.
This is the only way the compensation to be paid can be truly just;
i.e., "just" not only to the individual whose property is taken, "but to
the public, which is to pay for it”.