Property Valuation
The 'highest and best use' of a property in NC appraisal practice is defined as the use that is:
AThe use preferred by the current owner
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe most historically significant use
DThe use that generates the highest tax revenue
Explanation
Highest and best use is the legal, physical, financially feasible, and maximally productive use that results in the highest property value.
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