Property Valuation
In Kentucky, an appraiser who is asked to appraise a Mammoth Cave area property near the national park should consider that the proximity to the park may:
AAutomatically reduce the value due to tourist traffic
BAdd to or detract from value depending on market reaction to the specific location✓ Correct
CHave no effect on market value
DRequire special KREC certification
Explanation
Proximity to a national park can positively or negatively affect value depending on location (scenic views vs. tourist noise).
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