Property Valuation
An Iowa property's effective age differs from its actual age because:
AIowa tax law uses a different depreciation schedule
BEffective age reflects the condition and maintenance of the property, not calendar years✓ Correct
CNew construction is assessed at a different rate
DHistoric properties are assigned a younger effective age by law
Explanation
Effective age is based on the property's condition and utility relative to comparable properties, not its chronological age. A well-maintained older home may have a lower effective age than an equally old, neglected home.
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