Property Valuation
Highest and best use in Iowa appraisal practice is defined as the use that is:
AThe most expensive use regardless of legality
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use currently operating on the property
DDetermined solely by the zoning ordinance
Explanation
Highest and best use is the reasonably probable use of a property that is legally permissible, physically possible, financially feasible, and results in the highest value. It is the foundation of the appraisal process.
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