Property Valuation
What does 'as-is' value mean in a North Dakota appraisal?
AThe value if all deferred maintenance is completed
BThe value of the property in its current actual condition as of the effective date of appraisal✓ Correct
CThe value assuming the property is fully leased
DThe assessed value as shown in county records
Explanation
As-is value reflects the property's current physical condition, land use, and legal restrictions as of the appraisal's effective date, without assuming any future improvements, changes, or corrections to existing conditions.
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