Property Valuation
An Iowa property's effective age is:
AAlways equal to its chronological age
BThe age indicated by the property's condition and utility relative to similar properties, which may differ from its actual age✓ Correct
CDetermined exclusively by the year the home was built
DSet by the county assessor for tax purposes
Explanation
Effective age reflects how old a property appears to be based on its condition and maintenance, regardless of chronological age. A well-maintained older home may have a lower effective age than a poorly maintained newer home.
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