Property Valuation
The term 'highest and best use' in appraisal means the use that is:
AThe most profitable use regardless of legal restrictions
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe current use of the property
DThe use preferred by the local zoning board
Explanation
Highest and best use is the reasonably probable use of land that is legally permissible, physically possible, financially feasible, and maximally productive (generates the highest value).
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