Property Valuation
Highest and best use of a property is defined as the use that is:
AMost profitable for the current owner
BLegally permissible, physically possible, financially feasible, and maximally productive✓ Correct
CPreferred by the local government
DMost common in the neighborhood
Explanation
Highest and best use is the reasonably probable use that is legally permissible, physically possible, financially feasible, and that results in the maximum value of the property.
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