Property Valuation
What is 'before-and-after' method in Idaho eminent domain valuations?
AComparing property values before and after a market downturn
BA valuation method used in partial takings that compares the value of the whole property before the taking to the remainder's value after the taking, with the difference being just compensation✓ Correct
CComparing assessed value before and after improvement
DComparing appraisal values from two different appraisers
Explanation
In partial takings (eminent domain taking only part of a property), Idaho uses the before-and-after method. Compensation = Value of whole before taking minus value of remainder after taking. This accounts for severance damages — the reduction in value of the remaining property caused by the partial taking and the public project.
Related Idaho Property Valuation Questions
- When comparing sales, an appraiser adjusts for differences between the comparable property and the subject property. If the comparable sold for $300,000 and had a pool (worth $15,000) that the subject property lacks, the adjusted value is:
- Which type of property would most commonly be appraised using the income approach?
- In Idaho, an appraisal for federally related transactions must be performed by a:
- In Idaho, what is 'market value' in the context of real estate appraisal?
- What is the 'cost approach' to property valuation and when is it most useful?
- In the sales comparison approach, what is a 'negative adjustment' to a comparable sale?
- What is an 'income approach' discount rate versus a capitalization rate?
- When an appraiser makes a positive adjustment to a comparable sale, it means:
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