In the context of highest and best use, what is meant by 'legally permissible'?

In the context of highest and best use, 'legally permissible' refers to uses that comply with zoning laws and regulations. This aspect emphasizes the importance of legal constraints that govern what can be built or utilized on a particular piece of property. Zoning laws are established at the municipal level and dictate the types of activities, structures, and developments considered acceptable in specific areas.

Understanding what is legally permissible is crucial for property valuation, as it directly affects marketability and the potential for property development. Even if a use is physically possible or financially advantageous, it cannot be considered if it violates local codes or regulations. Therefore, when assessing the highest and best use of a property, a trained assessor must ensure that the proposed uses align with zoning laws to ensure compliance and prevent legal issues.

The other options, while related to considerations in determining a property's best use, do not specifically address the legal framework governing land use.