WV HB4499

Property owners whose land is taken through eminent domain would receive compensation equal to twice the fair market value of the property taken, plus damages to any remaining property

The enhanced compensation standard applies to all eminent domain proceedings regardless of whether the condemning authority is the state, a political subdivision, or a company incorporated for internal improvement purposes

When a condemning authority seeks immediate possession, the initial court payment must equal twice the estimated fair market value

If final fair market value determination differs from the initial estimate, property owners are entitled to twice the difference plus applicable interest

The new compensation requirements apply only to eminent domain proceedings commenced after the bill's effective date