Property Valuation
In Arizona, an appraisal that is completed 'retrospectively' (for a date in the past) is called:
AA deferred appraisal
BA retrospective (or retroactive) appraisal—required for tax appeals, estate valuations, and some litigation✓ Correct
CAn as-of date appraisal
DA historical value estimate
Explanation
A retrospective (retroactive) appraisal values a property as of a past date, typically required for estate tax purposes, litigation (damages as of incident date), and property tax appeals. The appraiser uses market data available as of the effective date.
Related Arizona Property Valuation Questions
- An Arizona appraiser who uses only 2 comparables in the sales comparison approach is:
- When appraising special-purpose properties in Arizona (gas stations, car washes), the appraiser typically:
- Excess land in appraisal refers to:
- A cost approach appraisal requires calculating depreciation, which includes:
- The principle of anticipation in real estate appraisal holds that:
- A commercial property's 'potential gross income' (PGI) represents:
- In Arizona, the URAR form used for residential appraisals requires the appraiser to report the 'neighborhood' based on:
- An Arizona property's 'going concern value' includes:
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