Property Valuation
When a New Mexico appraiser reconciles the three approaches to value, they:
AAverage the three values equally
BWeight each approach based on its reliability for the specific property type and available data✓ Correct
CAlways use the highest value
DAlways use the lowest value
Explanation
Reconciliation is the appraiser's reasoned judgment that weights each approach based on how applicable and reliable it is for the subject property. The result is a final value estimate (not a simple average).
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