Property Valuation
A Montana home has a land value of $60,000 and improvements estimated at $180,000 using the cost approach. If the land represents what percentage of total value?
A25%✓ Correct
B30%
C33%
D40%
Explanation
Total value = $60,000 + $180,000 = $240,000. Land percentage = $60,000 ÷ $240,000 × 100 = 25%.
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