Property Valuation
A Maine property's 'effective age' is different from its 'actual age' because:
AThe effective age reflects the property's condition and modernization, not just chronological age✓ Correct
BEffective age is always lower than actual age
CEffective age is determined by the municipality
DThey are the same unless the building is historic
Explanation
Effective age reflects the apparent age of the improvements based on their condition and level of modernization. A well-maintained, updated home may have an effective age younger than its actual chronological age.
Related Maine Property Valuation Questions
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