Property Valuation
Pennsylvania's Clean and Green Act assessment of farmland affects appraisals because the appraiser must:
AUse only the Clean and Green assessed value as the market value
BAnalyze the property at its highest and best use, considering that rollback taxes would be due if the land is developed✓ Correct
CReduce the value by 50% for all Clean and Green enrolled land
DAppraise only the building improvements on Clean and Green land
Explanation
When appraising Clean and Green enrolled land, appraisers analyze highest and best use (which may be development) while noting that changing use triggers rollback taxes up to 7 years. The rollback tax liability may be deducted from the market value as a cost of converting to a higher use.
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