Land Use & Zoning
The term 'highest and best use' in real estate means:
AThe use that generates the most tax revenue for the county
BThe legally permissible, physically possible, financially feasible, and maximally productive use of a property✓ Correct
CThe use preferred by the current owner
DThe densest possible development allowed by zoning
Explanation
Highest and best use is the reasonably probable use that is legally permissible, physically possible, financially feasible, and maximally productive — the use that produces the greatest value for the property.
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