Property Valuation
In Maine, the principle of progression in real estate value states that:
AProperty values always increase over time
BThe value of an inferior property is enhanced by its proximity to superior properties✓ Correct
CValues decline progressively as a neighborhood ages
DAll properties appreciate at the same rate
Explanation
The principle of progression states that a lower-value property in a neighborhood of higher-value properties will have its value enhanced by association with the superior properties.
Related Maine Property Valuation Questions
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