Property Valuation
In Kansas, when appraising land with oil and gas production, the appraiser must:
AIgnore mineral rights and value only the surface
BConsider whether mineral rights and the impact of production affect the market value of the surface estate✓ Correct
CAdd the full mineral value to the surface value
DObtain a separate mineral appraisal from KDHE
Explanation
The presence of oil and gas production can affect surface property value — the appraiser must analyze the relevant market to determine how mineral activity affects the market value of the surface estate.
Related Kansas Property Valuation Questions
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