Property Valuation
A Maryland appraiser's effective date of value is important because:
AIt determines when the appraiser gets paid
BIt establishes the specific point in time as of which the value opinion applies, since market conditions change✓ Correct
CIt sets the property tax due date
DIt determines when the deed must be recorded
Explanation
The effective date is the specific date as of which the appraiser's value opinion is applicable. Market values change over time, so the effective date is critical.
Related Maryland Property Valuation Questions
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