Property Valuation
A NH appraiser who identifies the highest and best use of a site as industrial but notes the current use is residential must:
AValue it only as residential since that is the current use
BValue the land based on industrial highest and best use, noting the contribution (or negative contribution) of the residential improvements✓ Correct
CRefuse to appraise the property
DValue it at the average of residential and industrial value
Explanation
If highest and best use differs from current use, the appraiser values the land based on highest and best use. The value of improvements that are not consistent with HBU may be zero or negative (cost to remove).
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