Property Valuation
In South Carolina, when a property's highest and best use as improved differs from the highest and best use as vacant, the appraiser considers:
AOnly the as-improved value for the final appraisal
BWhether demolishing improvements and redeveloping as vacant would produce greater value✓ Correct
COnly the government-assessed value
DThe original purchase price as the primary indicator
Explanation
When highest and best use differs for the site as vacant versus as improved, the appraiser must consider whether the existing improvements contribute to or detract from value — including whether demolition and redevelopment would be economically justified.
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