Property Valuation
In Alaska, an appraiser completing an appraisal for property tax appeal purposes would focus on estimating the property's:
ALiquidation value
BMarket value as of the assessment date✓ Correct
CAssessed value
DInsurance replacement value
Explanation
Property tax appraisals for appeal purposes estimate the property's market value as of the statutory assessment date. The goal is to demonstrate that the assessor's value exceeds market value — supporting a reduction in the assessment and, consequently, the property tax obligation.
Related Alaska Property Valuation Questions
- Under USPAP, an Alaska appraiser who has a financial interest in a property they are appraising must:
- An Alaska appraiser using the cost approach calculates the following: land value $150,000, replacement cost new of improvements $400,000, total depreciation $80,000. The indicated value is:
- An Alaska appraiser is asked to provide a 'retrospective appraisal' as of the date of a fire three years ago. The appraiser must:
- Which of the following is TRUE about appraisal independence requirements for federally regulated lenders in Alaska?
- An Alaska property appraised at $520,000 has an outstanding mortgage of $310,000. The owner's equity is:
- In Alaska, the 'principle of regression' states that a high-value property surrounded by lower-value properties will:
- In Alaska, 'deterioration' in appraisal refers to which form of depreciation?
- An Alaska property has a replacement cost new of $350,000 and is 30 years old with a 70-year economic life. Annual straight-line depreciation is approximately:
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