Property Valuation
The principle of 'highest and best use' in Indiana appraisal is defined as the use that is:
AThe most profitable use regardless of legal restrictions
BThe most intensive development possible on the site
CLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
DDetermined by current zoning classification only
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. Appraisers analyze both land as vacant and as improved.
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