Property Valuation
Highest and best use is defined as the use that is:
AThe current use of the property
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use preferred by the property owner
DThe use that generates the most tax revenue for the city
Explanation
Highest and best use is the legally permissible, physically possible, financially feasible, and maximally productive use that results in the highest property value.
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