Property Valuation
The principle of anticipation in Kansas appraisal holds that value is created by:
AThe historical income the property has generated
BThe expectation of future benefits (income or use) to be derived from ownership✓ Correct
CThe replacement cost of current improvements
DThe most recent comparable sale price
Explanation
The principle of anticipation states that value is the present worth of expected future benefits — buyers pay for anticipated future income, use, and appreciation.
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