Property Valuation
In Missouri, an appraiser who values property for property tax purposes is called an:
AMAI appraiser
BAssessor✓ Correct
CLicensed appraiser
DBPO agent
Explanation
County assessors (and their staff) value properties for tax assessment purposes in Missouri. They are not the same as private licensed appraisers, though some principles overlap.
Related Missouri Property Valuation Questions
- Under Missouri property tax law, the assessment ratio for commercial property is:
- In Missouri, the assessed value used for property taxes is based on:
- In Missouri, the market data approach (sales comparison) requires the appraiser to make adjustments for differences between comparable sales and the subject property. An adjustment for a feature the subject has but the comparable lacks is:
- A Missouri home has a replacement cost new of $220,000, total depreciation of 25%, and land value of $50,000. What is the cost approach value?
- Which type of depreciation in Missouri is considered incurable because the cost to fix it exceeds the value added?
- A Missouri appraiser's 'scope of work' determination under USPAP refers to:
- When two nearly identical properties in Missouri differ only in that one has a swimming pool and the other does not, and they sell for $240,000 and $225,000 respectively, the value of the pool is estimated at:
- Which approach is typically used to value a new special-purpose property, such as a Missouri fire station?
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