Property Valuation
When a Wisconsin appraiser determines highest and best use for a vacant lot, they must consider which four tests?
ALegal permissibility, physical possibility, financial feasibility, maximum productivity✓ Correct
BZoning compliance, environmental clearance, market demand, structural safety
CTax assessment, comparable sales, income potential, replacement cost
DDSPS approval, lender requirements, buyer preferences, seller needs
Explanation
Highest and best use analysis requires that the use be legally permissible, physically possible, financially feasible, and maximally productive. These four tests are the standard USPAP framework for HBU analysis.
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