Property Valuation
Regression is an appraisal principle that states:
AA superior property's value is diminished by inferior surrounding properties✓ Correct
BAn inferior property's value is enhanced by superior surrounding properties
CAll properties in a neighborhood eventually reach the same value
DValue increases are always permanent
Explanation
The principle of regression holds that the value of a higher-quality property is pulled down by the presence of lower-quality properties in the same area.
Related Kentucky Property Valuation Questions
- Which type of property would most likely be appraised using the income approach?
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