Property Valuation
The highest and best use of a New Mexico property is defined as the use that is:
ACurrently in place
BPhysically possible, legally permissible, financially feasible, and maximally productive✓ Correct
CDesired by the property owner
DMost environmentally friendly
Explanation
Highest and best use is the most probable use that meets four criteria: physically possible given site characteristics, legally permissible under zoning, financially feasible, and maximally productive (highest value).
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