Property Valuation
The cost approach is MOST reliable for valuing:
AOld single-family homes with many comparable sales
BNew or special-purpose properties with few comparable sales✓ Correct
CRental apartment complexes
DVacant commercial lots
Explanation
The cost approach is most reliable for new construction (where depreciation is minimal) and special-purpose properties like churches, schools, and government buildings that have few comparable sales.
Related Montana Property Valuation Questions
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