Which four tests must a use satisfy to qualify as the highest and best use of a property?
Correct Answer
B) Legally permissible, physically possible, financially feasible, and maximally productive
Highest and best use is the reasonably probable use of a property that is: (1) legally permissible under zoning and other regulations, (2) physically possible given the site's characteristics, (3) financially feasible in that it generates a positive return, and (4) maximally productive, meaning it produces the highest value among all qualifying uses.
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