Property Valuation
A Connecticut appraisal report states the property's 'effective age' is 15 years, while its 'chronological age' is 30 years. This means:
AThe property has been renovated and is in better condition than its actual age would suggest✓ Correct
BThe property is in worse condition than expected for its age
CThe appraiser made an error in the report
DThe property was built in 1994
Explanation
Effective age reflects the property's condition and functional utility rather than its actual age. An effective age of 15 years vs. a chronological age of 30 years indicates the property is in significantly better condition than typical for its age—likely due to renovations and good maintenance.
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