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PETE — Four Government Powers Over Property

The government has four inherent powers that limit private property rights:


P — Police Power:

Government's right to regulate property for public health, safety, and welfare

Includes zoning laws, building codes, environmental regulations

No compensation paid to owners


E — Eminent Domain:

Government's right to take private property for public use

Must pay just compensation (fair market value)

Process is called condemnation

5th Amendment: "...nor shall private property be taken for public use without just compensation"


T — Taxation:

Government's right to collect property taxes (ad valorem)

Unpaid taxes become a lien; can result in tax sale


E — Escheat:

When a property owner dies without a will (intestate) and without heirs, the property reverts to the state

Prevents property from having no owner


Memory: PETE — Police power, Eminent domain, Taxation, Escheat


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Reference:

Wikipedia: Eminent Domain

image for linkhttps://en.wikipedia.org/wiki/Eminent_domain

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