Property Valuation
When an Oklahoma appraiser reconciles the three approaches to value, they:
AAlways average the three values mathematically
BWeight each approach based on its reliability and applicability for the specific property type and the quality of available data, then form a final opinion of value✓ Correct
CUse only the highest value to protect the lender
DDiscard two approaches and rely solely on sales comparison
Explanation
Reconciliation is the appraiser's judgment process of weighing all three approaches based on data quality, applicability to the property type, and market behavior. For a single-family home, sales comparison typically gets the most weight; for income property, the income approach.
Related Oklahoma Property Valuation Questions
- Which type of depreciation is generally considered incurable?
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