Which of the following is an example of government power related to fee simple ownership?

Taxation is an example of government power related to fee simple ownership because it illustrates the government's right to impose taxes on property ownership. Fee simple ownership, which provides the greatest level of ownership rights to an individual over real property, still subjects the owner to the government's authority to levy taxes on that property. This principle is rooted in the concept of eminent domain, where the government has the right to take private property for public use, provided just compensation is given.

Taxation reflects the government's ability to generate revenue through property taxes, and it is a fundamental aspect of how public services and infrastructure are funded. Owners of fee simple property are obligated to pay these taxes, thereby recognizing the intersection of personal ownership rights with the responsibilities imposed by government authorities. The other options, while related to real estate, do not directly reflect governmental powers or responsibilities concerning fee simple ownership in the same way that taxation does.