Section 16
Highest and Best Use
Appendix B-1, page 245
The Highest and Best Use section focuses on answering the four tests of highest and best use and identifying if the present or proposed use is the highest and best use. This section provides space for additional commentary and exhibits.
The Highest and Best Use section always displays with the static text, "Is the present use of the subject property …", followed by the required fields. (Figure 16 - 1)
- Legally Permissible - LegallyPermissibleIndicator (UID: 3100.0004, FID: 16.000)
- Physically Possible - PhysicallyPossibleIndicator (UID: 3100.0006, FID: 16.001)
- Financially Feasible - FinanciallyFeasibleIndicator (UID: 3100.0003, FID: 16.002)
- Maximally Productive - MaximallyProductiveIndicator (UID: 3100.0005, FID: 16.003)
- Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? - SiteHighestBestUseIndicator (UID: 3100.0007, FID: 16.004)
Figure 16 - 1
Highest and Best Use Commentary#
The Highest and Best Use Commentary subsection displays when comments are provided. Any commentary must use ValuationCommentText (UID: 3100.0010, FID: 16.005) and ValuationAnalysisCategoryType (UID: 3100.0011, FID: 16.005) = "HighestAndBestUse".
Comments may be provided at the appraiser's discretion; however, if any of the indicators in the top section are "false" indicating the subject property's present use is not the highest and best use, comments are required.
Highest and Best Use Exhibits#
The Highest and Best Use Exhibits subsection displays when images are provided.
- Any images included must be delivered using ImageCategoryType (UID: 1400.0638, FID: 16.006.1) = "HighestAndBestUseExhibit".
- An image caption should be included using "ImageCaptionCommentDescription" (UID: 1400.0640, FID: 16.006.2).