Property Valuation
In Kansas, the 'cost approach' to appraisal is most reliable for which type of property?
AOld retail buildings with many comparable sales
BUnique properties with limited comparable sales, such as churches, schools, and special-purpose buildings✓ Correct
CSingle-family homes in active residential neighborhoods
DIncome-producing apartment buildings
Explanation
The cost approach is most reliable for special-purpose properties (churches, schools, government buildings) and new construction where there are few comparable sales and depreciation is minimal.
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