Property Valuation
The principle that value is created and sustained when property uses conform to existing neighborhood standards is known as:
APrinciple of progression
BPrinciple of conformity✓ Correct
CPrinciple of substitution
DPrinciple of contribution
Explanation
The principle of conformity holds that maximum value is realized when a property's use is consistent with the surrounding neighborhood's land uses. Non-conforming uses may reduce value.
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