Land Use & Zoning
The term 'highest and best use as vacant' in an appraisal context means:
AThe current use of the property
BThe most productive use if the land were vacant and available for development✓ Correct
CThe use that maximizes the existing improvements
DThe use permitted under current zoning
Explanation
Highest and best use as vacant asks what use should be developed on the land assuming it were vacant. It guides the appraiser in estimating land value independent of existing improvements.
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