Property Valuation
A Massachusetts appraiser preparing a retrospective appraisal uses:
ACurrent market data only
BMarket data from the effective date in the past that the appraisal is to reflect✓ Correct
CProjected future values discounted to present value
DThe most recent available sale prices regardless of date
Explanation
A retrospective appraisal values a property as of a past effective date. The appraiser must use market data that was available as of that date to reflect market conditions at that time, not current market conditions. Retrospective appraisals are used in estate taxation, litigation, and insurance claims.
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