Property Valuation
Regression and progression are appraisal principles related to:
AProperty tax assessment methodology
BHow properties of different value levels affect each other in a neighborhood✓ Correct
CThe rate at which a property depreciates over time
DThe relationship between income and property value
Explanation
Regression (plottage in reverse): a high-value property surrounded by lower-value properties will be 'pulled down' in value. Progression: a lower-value property surrounded by higher-value properties will be 'pulled up' in value.
Related Florida Property Valuation Questions
- A Florida appraiser excludes a comparable sale from the analysis because the sale was a 'distressed sale' (foreclosure or short sale). This is because:
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- In Florida, a property appraiser's 'market conditions adjustment' in the sales comparison approach accounts for:
- In Florida, an 'as-is' appraisal values a property:
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- In a Florida appraisal, the 'cost approach' is most reliable for which type of property?
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- A Florida appraiser is asked to value a proposed new subdivision. The most appropriate value standard would be:
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