Property Valuation
Highest and best use of a property is defined as the use that is:
AThe most profitable regardless of legal restrictions
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CRequired by local zoning ordinances
DPreferred by the current property owner
Explanation
Highest and best use is the reasonably probable and legal use that produces the highest property value. It must be physically possible, legally permissible, financially feasible, and maximally productive.
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