Property Valuation
In Minnesota, contributory value refers to:
AThe total appraised value of the property
BThe amount of value a specific improvement adds to the total property value✓ Correct
CThe value contribution of the land separate from improvements
DThe tax value set by the county assessor
Explanation
Contributory value (contribution) is the amount by which a specific component or improvement adds to the overall property value. An improvement's contributory value may be more or less than its cost to install. For example, a $50,000 pool addition may only add $20,000 in contributory value in a Minnesota market where pools are less desirable due to the climate.
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