Property Valuation
In Idaho, an appraiser completing a 1004 (URAR) appraisal form is appraising which type of property?
ACommercial office buildings
BSingle-family residential properties✓ Correct
CMulti-family properties with 5+ units
DVacant land
Explanation
Form 1004 (Uniform Residential Appraisal Report) is used for single-family residential properties. It is the most common appraisal form used for conventional mortgage lending in Idaho and nationally.
Related Idaho Property Valuation Questions
- In Idaho, what is the primary method used to assess residential properties for tax purposes?
- What type of depreciation is considered 'incurable' in an appraisal?
- In Idaho, what government office produces the assessed value used for property tax calculations?
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- A comparable sale that closed 12 months ago in a rising market would require which type of adjustment?
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