Property Valuation
The sales comparison approach to value is most commonly used to appraise:
AIncome-producing commercial properties
BSingle-family residential properties✓ Correct
CManufacturing facilities
DFarmland and timber tracts
Explanation
The sales comparison approach compares the subject property to recent sales of similar properties. It is most appropriate for single-family residential properties where comparable sales data is abundant.
Related Connecticut Property Valuation Questions
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