Property Valuation
In Nevada, 'highest and best use' in an appraisal means the use that is:
AThe current use of the property
BWhat the owner desires
CLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
DThe most intensive development possible
Explanation
Highest and best use is the reasonably probable and legal use that is physically possible, appropriately supported, financially feasible, and that results in the highest land value. It forms the foundation of any appraisal.
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