Property Valuation
A Pennsylvania appraiser for a divorce case is typically asked to value the marital home as of:
AThe current date
BThe date specified by the court, which may be the date of separation, filing, or another relevant date✓ Correct
CThe original purchase date
DThe date of the appraisal report
Explanation
For Pennsylvania equitable distribution in divorce proceedings, the court may specify the relevant valuation date — often the date of separation (Date of Separation, DOS), the date of the divorce decree, or another date determined by the court. The appraiser uses that specified date as the effective appraisal date.
Related Pennsylvania Property Valuation Questions
- Reconciliation in a Pennsylvania appraisal report refers to:
- The cost approach to value estimates a property's value by:
- Highest and best use analysis considers which four criteria?
- Highest and best use is defined as the use that is:
- Comparative market analysis (CMA) and an appraisal are different in that:
- An appraisal 'adjustment' for a superior feature in a comparable property is always:
- External obsolescence affecting a Pennsylvania property near a newly opened chemical plant is considered:
- What is 'frontage' and how does it affect the value of commercial property in Pennsylvania?
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