Property Valuation
A Louisiana appraisal identifies that recent comparable sales indicate a market trend of 0.5% increase per month. A comparable sold 4 months ago for $250,000. The time-adjusted value of the comparable is:
A$255,000
B$252,000✓ Correct
C$253,000
D$251,000
Explanation
Time adjustment = $250,000 × (4 months × 0.5%) = $250,000 × 2% = $5,000.
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