Property Valuation (alternative)
In Maryland, which approach to value is NOT typically used for vacant land?
ASales comparison approach (alternative)
BIncome approach using ground lease rents
CCost approach (alternative)✓ Correct
DLand residual technique
Explanation
The cost approach applies to improved properties (land + improvements). For vacant land, the sales comparison approach (and sometimes income approach) is used; there are no improvements to cost-approach on bare land.
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