Property Valuation
The highest and best use of a property in Florida is defined as the use that is:
AMost profitable for the current owner regardless of zoning
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use designated by the county comprehensive land use plan only
DThe current use of the property at the time of the appraisal
Explanation
Highest and best use is the reasonably probable use of a property that is: (1) legally permissible, (2) physically possible, (3) financially feasible, and (4) maximally productive — resulting in the highest value.
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