Property Valuation
Highest and best use in appraisal is defined as the use that is:
AMost profitable regardless of legal restrictions
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CCurrently in use by the property owner
DApproved by the local planning board
Explanation
Highest and best use is the reasonably probable use of land or improved property that is legally permissible, physically possible, financially feasible, and produces the highest value.
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