Property Valuation
Highest and best use in Ohio appraisal is defined as the use that is:
AThe use the owner prefers
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe use that generates the most rental income
DThe current use of the property
Explanation
Highest and best use is the most profitable, legally permissible, physically possible, and financially feasible use of a property. It is the foundation of the valuation process.
Related Ohio Property Valuation Questions
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