Property Valuation
Highest and best use in Arizona appraisal analysis means the use that is:
AThe use with the highest gross income regardless of costs
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe current use of the property as long as it generates income
DThe use specified by the local zoning ordinance
Explanation
Highest and best use is the reasonably probable use of property that is legally permissible, physically possible, financially feasible, and results in the highest value. It is a fundamental concept in Arizona appraisal.
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