optimal use value

Tax. The highest and best use of a thing from an economic standpoint.

• If a farm would be worth more as a shopping center than as a farm, the shopping-center value will control even if the transferee (that is, a donee or heir) continues to use the property as a farm.

— Also termed most-suitable-use value. [Cases: Taxation 348(3).]

---

词条贡献者

法律翻译亚明，毕业于欧洲顶尖的高级翻译学院，专注翻译各类与汽车与运输有关的法律文件。