Bill > AB1033

This bill amends California's existing eminent domain law to modify the reimbursement limits for independent property appraisals when a public entity is seeking to acquire private property. Currently, property owners are entitled to have the public entity pay for an independent appraisal, with previous cost limits set at $5,000. The bill increases these limits: for a total property acquisition, the reimbursement will now be up to $8,000, and for a partial property taking, the reimbursement will be up to $15,000. The bill clarifies what constitutes an offer "under a threat of eminent domain," which includes direct eminent domain proceedings, offers following the adoption of a resolution of necessity, or offers accompanied by a statement that the public entity might take the property through eminent domain. The appraisal must be conducted by an appraiser licensed by the Office of Real Estate Appraisers. This change aims to provide property owners with more comprehensive compensation for the costs associated with obtaining an independent valuation of their property when facing potential government acquisition.

Budget and Finance, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1033