Property Valuation
In Maine, the highest and best use of a property is defined as the use that is:
AMost profitable for the developer
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe current use of the property
DThe use specified in the zoning ordinance
Explanation
Highest and best use is the legal, physical, financially feasible use that produces the highest value. It must be legally permissible (zoning), physically possible, financially feasible, and maximally productive.
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