24. My property may be taken by eminent domain for a new highway and I’ve heard folks talking about a “Pro Tanto Award” – what is that?

Usually, after the government has determined that they will take your land via eminent domain, the government will appraise your property. They will then send you a notice with a pro tanto award. A pro tanto award is an offer on your property based on the appraisal. Some, not all people accept the pro tanto award, but you do not have to. You really must consult a real estate attorney to determine if you should accept or reject a pro tanto award.