Property Valuation
What is 'contributory value' in Kansas real estate appraisal?
AThe value a property adds to the entire neighborhood
BThe amount that a specific feature or improvement adds to the total property value; may be less than its cost✓ Correct
CThe contribution of land versus improvements to total value
DThe tax benefit from property improvements
Explanation
Contributory value is the amount that a specific component (a garage, pool, extra bedroom) adds to the total property value. A $50,000 pool may only contribute $20,000 in market value — a concept crucial to appraisal adjustments.
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