Property Valuation
An appraiser in Mississippi is asked to estimate the value of a property 'as of' a date three years ago for tax dispute purposes. This type of assignment is called a:
AFuture value appraisal
BRetrospective appraisal✓ Correct
CProspective appraisal
DHistorical cost appraisal
Explanation
A retrospective appraisal estimates value as of a past effective date. These are common for estate settlements, tax disputes, divorce proceedings, and litigation.
Related Mississippi Property Valuation Questions
- When appraising a new custom-built home with few comparable sales, which approach is MOST appropriate?
- A Mississippi appraiser must remain independent of the transaction. Which of the following would be a prohibited influence on an appraisal?
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