Property Valuation
An appraiser estimates land value separately in the cost approach using the:
ACost approach based on the land's replacement cost
BSales comparison approach using sales of similar vacant parcels✓ Correct
CIncome capitalization of hypothetical land rent
DAssessed value as determined by the town assessor
Explanation
In the cost approach, land is always valued separately from improvements. The appraiser uses the sales comparison approach to estimate land value by comparing recent sales of similar vacant parcels. Land cannot be depreciated, so it must be valued independently.
Related New Hampshire Property Valuation Questions
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