Property Valuation
Iowa's annual farmland value surveys conducted by Iowa State University Extension track:
AResidential home prices in Iowa cities
BIowa farmland values and rental rates by region and soil quality, providing market data for appraisers and buyers✓ Correct
CCommercial property cap rates
DIREC-approved appraiser performance
Explanation
Iowa State University Extension conducts annual Iowa Land Value Surveys and cash rent surveys, providing regional data on farmland values and cash rental rates organized by soil productivity. This data is widely used by Iowa appraisers, lenders, and investors.
Related Iowa Property Valuation Questions
- An Iowa appraiser using the cost approach calculates the replacement cost of a building at $350,000. Physical depreciation is $70,000, functional obsolescence is $15,000, and land value is $65,000. What is the indicated value?
- An Iowa appraiser would use the cost approach as the primary valuation method for:
- An Iowa appraisal report using the URAR (Uniform Residential Appraisal Report) Form 1004 is used for:
- In Iowa, a county assessor determines the assessed value of real property primarily for:
- The income capitalization approach to value is most appropriate when appraising:
- An Iowa appraiser makes a positive adjustment of $5,000 to a comparable sale. This means:
- An Iowa income property has an NOI of $48,000 and is valued at $600,000. What is the capitalization rate?
- The principle of substitution in Iowa appraisal states that:
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