Property Valuation
In Kansas, when an appraiser reports the 'as-improved value,' they are estimating the value of:
AThe land only, assuming no improvements
BThe property with all existing and proposed improvements in place✓ Correct
CThe property's potential value if renovated
DThe value as of the last sale date
Explanation
The 'as-improved' value is the value of the property with all existing (and sometimes proposed) improvements in place, as of the effective date of the appraisal.
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