Property Valuation
A Mississippi property appraiser is reconciling three approaches to value. They give the most weight to the sales comparison approach because the property is a:
ADowntown office building
BSingle-family home in a neighborhood with many comparable sales✓ Correct
CRegional shopping mall
DVacant farm in the delta with no comparable sales
Explanation
The sales comparison approach is given the most weight for single-family residences in active markets with sufficient comparable sales. For investment properties, the income approach is primary; for special-use properties, the cost approach may be given more weight.
Related Mississippi Property Valuation Questions
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