What is the purpose of eminent domain?

Eminent domain is a legal process that allows the government to acquire private property for public use, provided that just compensation is offered to the property owner. This principle is rooted in the idea that certain projects, such as the construction of roads, schools, or parks, serve a greater community benefit, which justifies the state’s ability to take private property. The requirement for just compensation ensures that the property owner is fairly compensated for their loss, maintaining a balance between the needs of the individual and the needs of the community. This process is vital in facilitating public infrastructure projects that would otherwise be hindered by individual property rights.

The options focusing on commercial profit or transferring ownership between private parties do not align with the purpose of eminent domain, and regulating property taxes is unrelated to the acquisition of property for public use.