Property Valuation
Highest and best use analysis in Montana must consider which four criteria?
ALocation, size, zoning, and accessibility
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CMarket demand, supply, value, and cap rate
DZoning, taxes, environmental conditions, and market trends
Explanation
The four tests for highest and best use are: (1) legally permissible under zoning and other regulations, (2) physically possible given the site's characteristics, (3) financially feasible given market conditions, and (4) maximally productive—generating the highest value among feasible uses.
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