Property Valuation
In Rhode Island, the 'effective age' of a building used in appraisal refers to:
AThe actual number of years since construction
BThe age indicated by the building's condition and utility, which may differ from its chronological age✓ Correct
CThe age as listed in the municipal tax records
DThe date the current owner purchased the property
Explanation
Effective age reflects the condition and utility of the building rather than its actual chronological age. A well-maintained older building may have a lower effective age than its actual age; a poorly maintained newer building may have a higher effective age.
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