Property Valuation
In Minnesota, which factor would most likely DECREASE a property's appraised value?
ANew elementary school built nearby
BHighway on-ramp constructed adjacent to the property✓ Correct
CNeighborhood shopping center opening nearby
DPublic park developed across the street
Explanation
A highway on-ramp adjacent to residential property creates negative externalities: noise, pollution, traffic, and safety concerns. This external obsolescence would decrease the property's appraised value. Schools, parks, and shopping centers generally have a positive impact on residential values in Minnesota.
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