April 26, 2002
From the desk of Jane Galt:READER ANDY FREEMAN writes: So
READER ANDY FREEMAN writes:
So my property has no time value. . . but I'll bet that they'd be peeved if I paid my taxes three days
late....
The recent Tahoe-Sierra decision states, in the sentence starting on the bottom of the second page continuing on the third."A permandent deprivation of all use is a taking of the parcel as a whole, but a temporary restriction causing a diminuition in value is not, for the property will recover value when the prohibition is lifted."
We're talking about a "temporary" restriction that lasted either 32 months (accoring to the majority) or 6 years (according to at least one of the dissents).
Paging anyone who teaches Finance 101. . .
Posted by Jane Galt at April 26, 2002 2:14 PM | TrackBack | Technorati inbound links