Property Valuation
The principle of 'progression' in Indiana real estate appraisal states that:
AProperty values always increase over time
BThe value of an inferior property is enhanced by its proximity to superior properties✓ Correct
CThe value of a superior property is diminished by inferior neighbors
DAll properties in a neighborhood will eventually reach the same value
Explanation
The principle of progression holds that the value of an inferior or lower-quality property is increased by its proximity to superior properties. Conversely, the principle of regression states that superior properties are diminished in value by inferior neighbors.
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