highest and most profitable use
Defined in 1 dictionary — Case Law
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.