Property Valuation
What is the 'before and after' method used in Illinois appraisal for partial acquisitions?
AComparing the property value before and after a renovation
BValuing the entire property before and after a partial taking (eminent domain), with damages equal to the difference✓ Correct
CComparing sales prices before and after a market downturn
DComparing appraised value before and after an assessment appeal
Explanation
The before and after method is used in eminent domain cases where only part of a property is taken. The appraiser values the entire property before the taking and values the remainder after the taking. The difference (plus the value of the taken portion, if not already included) equals total just compensation. This accounts for severance damages to the remaining property.
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