Which of the following statements about eminent domain is TRUE?

Eminent domain is a power held by the government that allows it to take private property for public use, provided that fair compensation is given to the property owner. The statement indicating that no private property is exempt from the exercise of this power is true because eminent domain applies to all properties, regardless of their ownership status. This means that the government can take private property as long as it serves a public purpose, such as building infrastructure or schools.

Other options present limitations or requirements that do not align with the principles of eminent domain. For example, the idea that only government-owned properties can be appropriated contradicts the foundational concept of eminent domain, which is specifically intended to allow for the appropriation of privately owned properties for public use. Similarly, the assertion that eminent domain can only be enacted in urban areas is misleading; it can apply to both rural and urban settings, depending on the governmental need for the property. Lastly, the notion that property must be compensated at market value only does not capture the complexity of compensation rules. While fair market value is a primary standard for compensation, other factors can be considered depending on the specific laws and circumstances surrounding the eminent domain case.

Thus, the correct answer accurately reflects the broad applicability of eminent domain, indicating that