Property Valuation
What is site value in Nevada real estate appraisal?
AThe value of improvements on the site
BThe value of land as if vacant and available for its highest and best use, estimated separately from any improvements✓ Correct
CThe assessed value assigned by the county assessor
DThe total appraised value minus depreciation
Explanation
Site value (or land value) is estimated as if the site is vacant and ready for development to its highest and best use. In Nevada appraisal, land value is estimated separately from improvements using comparable land sales, extraction, or allocation methods. Land does not depreciate.
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