Amendment on Just Compensation Basis

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PRESIDENTIAL DECREE NO. 794: Amendment on Just Compensation Basis

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Title Supreme Court: Amendment on Just Compensation Basis

Law: Presidential Decree No. 794

Decision Date: Sep 4, 1975

To prevent property owners from declaring unreasonably high values for their properties in expropriation proceedings, Presidential Decree No. 794 amends the basis for the payment of just compensation, stating that the compensation shall not exceed the lower value between the owner's declaration or the market value determined by the assessor.

expropriation proceedings

just compensation

presidential decree

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