Property Valuation
A Florida appraiser is valuing a property for an estate tax appraisal. The property must be valued as of the date of the decedent's death. This is an example of which type of appraisal?
AProspective appraisal
BRetrospective appraisal✓ Correct
CHypothetical appraisal
DCurrent market value appraisal
Explanation
A retrospective appraisal values a property as of a past date — in this case, the date of the decedent's death. Estate tax appraisals, divorce proceedings, insurance claims for past losses, and legal disputes requiring historical values all require retrospective appraisals.
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