Property Valuation
Highest and best use is defined as the use that is:
AThe most expensive use possible
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use preferred by the property owner
DThe use currently made of the property
Explanation
Highest and best use is the use that meets all four criteria: legally permissible, physically possible, financially feasible, and maximally productive (produces the highest value).
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