Property Valuation
When a Kentucky appraiser notes that a property has more bathrooms than is typical for the neighborhood, this excess is called:
AA market advantage
BSuperadequacy (a form of functional obsolescence)✓ Correct
CPhysical surplus
DAn external benefit
Explanation
Superadequacy is a form of functional obsolescence where a property feature exceeds what is typical and desirable in the market, potentially reducing value because buyers don't want to pay for the excess.
Related Kentucky Property Valuation Questions
- In Kentucky, the PVA reassesses property values:
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