Property Valuation
In Ohio, the phrase 'as of the date of value' in an appraisal means:
AThe value opinion applies only to the date the report is signed
BThe value opinion is based on conditions as of a specific effective date stated in the report✓ Correct
CThe property will be valued again annually on that date
DThe appraiser visited the property on that date only
Explanation
The effective date of value establishes the specific point in time for which the appraisal's value opinion applies. Conditions, market data, and value may differ as of different dates.
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