Property Valuation
In Maine, a 'contaminated site discount' in a property appraisal accounts for:
AThe benefit of being near industrial areas
BThe reduction in property value due to known or suspected environmental contamination✓ Correct
CDiscounts given for cash buyers
DReductions in assessed value for commercial properties
Explanation
Environmental contamination can significantly reduce property value. An appraiser must account for the contamination discount — reflecting reduced marketability, remediation costs, and the stigma associated with known or suspected contamination.
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