Property Valuation
Highest and best use in South Dakota is defined as the use that is:
AMost intensive possible regardless of legality
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CPreferred by the current owner
DMost common in the surrounding area
Explanation
Highest and best use is the use of land that is legally permissible, physically possible, financially feasible, and produces the maximum value. Appraisers must determine this before selecting a valuation approach.
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