What does the Surplus Land Principle indicate about land not contributing to improvements?

The Surplus Land Principle asserts that land that does not contribute to improvements essentially lacks utility related to the existing usage on the property. This principle often identifies that the surplus land does not add economic value to the current improvements, either because it is excess or because it cannot be effectively utilized under the current land use and zoning regulations. It implies that such parcels of land are often left unproductive and might require a separate evaluation to determine their potential for future use or development.

While other options suggest scenarios where the surplus land might have perceived value, they do not capture the essence of the Surplus Land Principle. Land that doesn't support existing improvements characterizes a state of economic redundancy, meaning it may not justify the cost to retain or develop it under the circumstances, leading to potential reassessment or reevaluation of its future use.