Property Valuation
What is the 'highest and best use' principle in Kansas real estate appraisal?
AThe current use of the property regardless of alternatives
BThe reasonably probable and legal use that produces the greatest net return or highest value✓ Correct
CThe use that generates the highest tax revenue for the county
DThe use allowed under current zoning only
Explanation
Highest and best use is the legal, physically possible, financially feasible, and maximally productive use of a property. It may differ from current use and guides value estimation.
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