Property Valuation
In South Dakota, the highest and best use of a property is defined as the use that is:
AThe most intensive use possible regardless of legality
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CThe current use as defined by the assessor
DThe use desired by the property owner
Explanation
Highest and best use is the use that meets four criteria: it must be legally permissible (allowed by zoning/restrictions), physically possible (the land can support it), financially feasible (the use generates adequate return), and maximally productive (the use maximizes land value).
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