highest and most profitable use
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 292 U.S. 246 - Olson v. United States · 1934Most cited · 1,811 citing opinions
The highest and most profitable use for which the property is adaptable and needed or likely to be needed in the reasonably near future is to be considered, not necessarily as the measure of value, but to the full extent that the prospect of demand for such use affects the market value while the property is privately held.
How often courts cite the cases defining “highest and most profitable use”
Court decisions citing the 2 opinions that defined “highest and most profitable use” — 2,202 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1934–1949
The highest and most profitable use for which the property is adaptable and needed or likely to be needed in the reasonably near future is to be considered, not necessarily, as the measure of value, but to the full extent that the prospect of demand for such use affects the market value while the property is privately held.