Property Valuation
A Louisiana appraiser doing a mass appraisal for property tax purposes is assessing:
AA single high-value property
BMultiple properties simultaneously using standardized methods for ad valorem tax assessment✓ Correct
COnly commercial properties in a parish
DProperties that have recently sold only
Explanation
Mass appraisal is the systematic appraisal of groups of properties using standardized methods and statistical testing — used by parish assessors to value all properties for ad valorem property tax purposes.
Related Louisiana Property Valuation Questions
- Which of the following best describes 'highest and best use' in Louisiana property valuation?
- An appraiser is using the sales comparison approach and finds that the subject property has a superior view compared to all comparable sales. The appraiser should make:
- A Louisiana appraiser developing a capitalization rate from market data should use sales of:
- Which appraisal approach estimates value by calculating the cost to rebuild the structure plus the land value, minus depreciation?
- The 'income multiplier' approach is limited in accuracy because it:
- A property's gross rent multiplier (GRM) is calculated by dividing:
- What is the capitalization rate if a property with an NOI of $42,000 sells for $560,000?
- In a Louisiana income approach analysis, 'reserves for replacement' are included in operating expenses to account for:
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