Property Valuation
The appraisal approach most commonly used to estimate the value of single-family residential properties in Arizona is the:
ACost approach
BIncome approach
CSales comparison (market data) approach✓ Correct
DGross rent multiplier method
Explanation
The sales comparison approach (market data approach) is the primary method used to appraise single-family residences because sufficient comparable sales data is typically available for most residential neighborhoods.
Related Arizona Property Valuation Questions
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