Property Valuation
What is 'price per square foot' analysis and how do Kansas appraisers use it?
AThe primary appraisal method for all property types
BA supporting tool where total sale price is divided by gross living area to create a unit of comparison for analyzing residential comparable sales✓ Correct
CThe only method used for land valuation
DA method replacing the cost approach
Explanation
Price per square foot is a unit of comparison used to analyze residential sales. By dividing sale price by gross living area, appraisers can compare properties of different sizes and make size adjustments.
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