Highest and Best Use and Property Rights—Does ... - Appraisal Institute
The Appraisal of Real Estate, fourteenth edition, states, “The analysis of highest and best use is at the heart of appraisals of the market value of real property.”12 It seems logical, therefore, that high - est and best use must be the first step in a market value appraisal regardless of how property rights are interpreted. ................
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