Property Valuation
The term 'highest and best use' means the use that is:
AMost expensive to develop
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CCurrently operating on the property
DDetermined by neighboring property uses
Explanation
Highest and best use is the reasonable and probable use that is legally permitted, physically possible, financially feasible, and results in the highest property value.
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