Property Valuation
A Minnesota appraiser is completing a retrospective appraisal (valuing a property as of a past date). Which data is most relevant?
ACurrent comparable sales in the market today
BMarket data and comparable sales from the effective date of the appraisal✓ Correct
CThe property's current assessed value
DThe owner's original purchase price
Explanation
A retrospective appraisal values the property as of a specific past date using market data from that time period. For estate tax, litigation, or insurance purposes, appraisers must use data that was available at the effective date. Using current data would produce a current value, not a historical value.
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