Summary

Owen J. Roberts United States v. Miller (317 U.S. 369…

Again, strict adherence to the criterion of market value may involve inclusion of elements which, though they affect such value, must in fairness by eliminated in a condemnation case, as where the formula is attempted to be applied as between an owner who may not want to part with his land because of its special adaptability to his own use, and a taker who needs the land because of its peculiar fitness for the taker's purposes. These elements must be disregarded by the fact finding body in arriving at 'fair' market value.
Source: Wikisource

Owen J. Roberts United States v. Miller (317 U.S. 369…

A majority of the court were of opinion the witnesses should have been asked to state the fair market value of the lands as of the date of taking without qualification, and the judge should have charged that this value measured the compensation to which the respondents were entitled.
1. The Fifth Amendment of the Constitution provides that private property shall not be taken for public use without just compensation. Such compensation means the full and perfect equivalent in money of the property taken.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature