Property Valuation
Highest and best use in Michigan appraisal analysis requires the use to be:
ALegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
BConsistent with current zoning only
CThe current use of the property
DThe use that generates the highest gross income
Explanation
Highest and best use analysis requires that the use be: (1) legally permissible, (2) physically possible, (3) financially feasible, and (4) maximally productive — producing the highest land value.
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