VA · jury_instructions
Va. Model Jury Instr. Civ. No. 46.060
Fair Market Value: Use of Property, Highest and Best Use
In determining fair market value, you should consider all of the uses which might reasonably
have been made of the property in light of existing conditions and circumstances. In this respect,
you should consider all of the natural advantages and disadvantages of the property as well as the
characteristics and needs of the surrounding community which existed at the time of the taking or
which probably would exist in the near future.
You must determine fair market value based on the property’s highest and best use. “Highest
and best use” is the reasonably probable use of property that results in the highest value.
History
Virginia Model Jury Instructions – Civil, Release 26, April 2026. The unannotated set, posted by the Supreme Court of Virginia at vacourts.gov; the book states that it is made available with the permission of the publisher, Matthew Bender & Company, Inc.
Provenance
- Source
- vacourts.gov
- Retrieved
- 2026-10-11
- Edition
- civ-2026-04-01
- Content hash
f6e6dbe93d5a91b5c1c07628fb8f8e1d8e242f6f0eb265f2f6e543512b8f2d8c
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