Property Valuation
What is a 'retrospective appraisal' and when is it used in Idaho?
AAn appraisal that predicts future value
BAn appraisal estimating value as of a past date, used for estate valuations, divorce proceedings, and legal disputes✓ Correct
CA review of a prior appraisal's accuracy
DAn appraisal comparing past and present values
Explanation
A retrospective appraisal estimates value as of a past effective date, using only information available on that date. It is used for estate tax valuation, property damage litigation, divorce settlements, and other legal proceedings.
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