Property Valuation
A Missouri appraiser making a time adjustment uses a market conditions analysis. In a rapidly appreciating Missouri market, older comparable sales would be adjusted:
ADownward
BUpward✓ Correct
CNot at all
DBased on the assessor's records
Explanation
In an appreciating market, older comparable sales reflect lower prices than current conditions. Appraisers adjust them upward to account for price increases since the date of sale.
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