Property Valuation
The principle of progression in Indiana real estate values means:
AProperty values always increase over time
BA lower-value property is positively influenced by proximity to higher-value properties✓ Correct
CProperties depreciate in a straight line over time
DImprovements always add more value than they cost
Explanation
The principle of progression holds that a modest home located in a neighborhood of more valuable homes tends to be worth more than it would be if located among similar or less valuable homes.
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