Property Valuation
In New York, a 'before and after' appraisal method is used in which type of proceeding?
AA standard mortgage refinance
BAn eminent domain proceeding, to measure the difference in value before a taking and after to calculate just compensation✓ Correct
CA bankruptcy proceeding
DA standard residential purchase
Explanation
The 'before and after' method is used in condemnation (eminent domain) proceedings in New York to calculate just compensation for a partial taking of property. The appraiser values the property immediately before the government taking and then immediately after, with the difference representing the compensation owed to the property owner.
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