Mississippi Statement of Values
What this document covers
The Statement of Values is a legal document used in eminent domain cases in Mississippi. This form is filed by the Plaintiff or the State to state the fair market value of the land to be condemned, as well as any damages incurred by the Defendant. It helps the court understand the proposed compensation for the property taken. Unlike other property-related forms, the Statement of Values focuses specifically on legal cases involving property condemnation and required assessments of value and damages.
Main sections of this form
- County and city details where the action is filed.
- Petitioner's name, typically the City or State.
- Field for the civil action number.
- Fair market value of the condemned property.
- Estimation of damages to the remainder of the property.
- Total compensation to be offered to the Defendant.
- Specification of the highest and best use of the land.
When to use this form
This form should be used in situations where the government or other authorized entity seeks to condemn a property for public use under eminent domain law. It is necessary when the entity must provide a formal declaration of the property's value and any related damages to the landowner. This form is essential in the initial stages of the litigation process for establishing compensation to be offered to the Defendant.
Who needs this form
- Government entities seeking to condemn private property.
- Legal practitioners representing an entity in an eminent domain case.
- Property owners who need to understand the claims being made against their property.
Instructions for completing this form
- Identify the county and city where the action is filed.
- Fill in the petitioner's name and civil action number.
- Estimate and write the fair market value of the property.
- Calculate and enter the damages to the remainder of the property.
- Provide the total compensation you are proposing.
- Specify the highest and best use of the land in the appropriate section.
Notarization guidance
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to accurately estimate the fair market value of the property.
- Not including all relevant damages to the remaining property.
- Leaving fields blank or improperly filled out, which can lead to rejection.
Benefits of completing this form online
- Convenient access to legal forms at any time.
- Editability, allowing users to fill out forms to meet specific needs.
- Reliable templates drafted by licensed attorneys to ensure legal compliance.
Summary of main points
- The Statement of Values is crucial for eminent domain proceedings in Mississippi.
- Accurate property valuation and damage estimates are essential for fair compensation.
- The form must follow specific legal guidelines as per state law.
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FAQ
A value statement explains what you believe in and it's really a set of values as you would expect, 5-7, that articulate what your team, the people in your organization, believe in and hold true. I really like the analogy if we take the bus analogy. The bus being the organization.
WHAT IS A VALUES STATEMENT? A values statement represents the core beliefs of the organization that inspire and guide its choices in the way it operates and deals with people. These values should be imbedded in both the mission and the vision and part of all internal and external communications.
Family. Freedom. Security. Loyalty. Intelligence. Connection. Creativity. Humanity.
Example value statement: "Our work will be guided and informed by our beliefs and commitments to: Inclusiveness - we respect people, value diversity and are committed to equality.
A value statement shows the soul of the company The term value statement is pretty self-explanatory. It's a message which conveys the values and priorities of the company, organization or team it represents. This lets your customers and staff know what's important to your business and the kind of culture it has.
Step 1: Brainstorm. Before you do anything, you need to brainstorm both individually and within a group setting. Step 2: Narrow down the list. Step 3: Gather employee feedback. Step 4: Finalize. Step 5: Think about how the value statement can be applied. Step 6: Introduce it to the organization.
A value statement isn't essential to the running of a company, but it's important for companies to have a clear idea of who they are. And they want the public and their employees to understand that identity.
