Property Valuation
In Maine real estate, 'under improvement' of a site means:
AThe improvements exceed the highest and best use value
BThe improvements are less than optimal for the site's highest and best use✓ Correct
CThe property has been recently renovated
DThe property's maintenance is deferred
Explanation
A site is under improved when its improvements (buildings) are less than what is optimal for the site's highest and best use, meaning the site could support more valuable development than currently exists.
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