Property Valuation
In Hawaii, when is the income approach to value considered most appropriate?
AA. For primary residence single-family homes where no income is generated
BB. For income-producing properties like apartments, commercial buildings, and hotels✓ Correct
CC. For vacant land parcels
DD. For government-owned buildings
Explanation
The income approach is most appropriate for income-producing properties, converting the income stream into an estimate of value through capitalization.
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