Property Valuation
In Missouri, the 'highest and best use' of a property is defined as the:
ACurrent use of the property
BUse that produces the highest property tax
CLegally permissible, physically possible, financially feasible, and maximally productive use✓ Correct
DUse designated by the city zoning code
Explanation
Highest and best use is the use that meets all four criteria: legally permissible, physically possible, financially feasible, and maximally productive. Appraisers analyze highest and best use before estimating value.
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