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How is the term “highest and best use” defined by the Department?

April 26, 2017defined Department highest and best use term

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How is the term “highest and best use” defined by the Department?

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A – “Highest and best use” is defined by the Department as that reasonable and probable use of the property which is: • Physically possible • Legally permissible • Maximally productive • Financially feasible which would support the highest present value for the parcel.