94 Ky. 234 | Ky. Ct. App. | 1893
delivered the opinion of the court.
The appellant sought by this action to condemn a strip of land along the bank of the Cumberland river, and near the town of Pineville, Ky., and immediately at the foot of the mountain, for its railroad track. The trial, on appeal to the circuit court, resulted in a verdict and judgment estimating the value of about five and one-half acres of land condemned, at over twelve thousand dollars. The appellant has appealed.
The rule, according to the cases of Asher v. L. & N. R. Co., 87 Ky., 391, and L. & N. R. Co. v. Ingram, MS. opinion, October 14, 1890 (12 Ky. Law Rep., 456), is: That just compensation must be first made to the owner of property when it is taken for public use, which must be done, in case of condemnation for railroad purposes, by ascertaining, the value of the entire tract, ■ excluding all consideration of the question of enhancement of the value of the land resulting from the proposed Improvement; then what will b<> the
The court allowed the appellee to prove what was the market value of this strip of land, taking into consideration its close proximity to the town of Pine-ville, and its adaptability for town lots and building residences thereon, and for railroad tracks and other railroad purposes. The question is, was such evidence competent ?
The rule seems to be that in estimating the value of property taken for public use the owner is entitled to the reasonable market value of the property, which value must be ascertained, not by what use the property has been actually applied, but with reference to its availability and adaptability for valuable uses, having regard to the existing business or wants of the.
The judgment is reversed, &c.