Property Valuation
A Mississippi lakefront property on the Ross Barnett Reservoir commands a premium over comparable non-lakefront properties. An appraiser would quantify this premium through:
AGovernment assessment records
BPaired sales analysis comparing lakefront vs. non-lakefront sales✓ Correct
CThe cost approach for lakefront access improvements
DThe income approach using boat rental income
Explanation
Paired sales analysis isolates the value contribution of the lakefront attribute by comparing similar sales with and without the lakefront feature, allowing the appraiser to quantify the market premium for that amenity.
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