Property Valuation
In Ohio, which of the following factors does NOT affect property value?
AInterest rates
BNeighborhood quality
CThe owner's personal attachment to the property✓ Correct
DProximity to employment centers
Explanation
Market value is based on objective factors. A property owner's personal attachment or sentimental value does not affect the property's market value in an arm's-length transaction.
Related Ohio Property Valuation Questions
- In Ohio, which principle states that value is created and maintained when property uses conform to existing neighborhood patterns?
- What is a feasibility study in real estate development?
- In Ohio, when appraising new construction, the cost approach is often most reliable because:
- An Ohio appraiser's value conclusion is $310,000. Their client (a lender) wants a value of $330,000 to approve the loan. The appraiser should:
- In Ohio, which type of commercial property is most commonly valued using the sales comparison approach in a market with sufficient sales activity?
- In Ohio, a 'retrospective appraisal' is one where the effective date of value is:
- An Ohio property's market value increases because a new highway interchange is built nearby, improving access. This increase is attributed to:
- In Ohio, the county Board of Revision (BOR) has jurisdiction to hear:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →