Property Valuation
The principle of contribution in Rhode Island appraisal holds that the value of a component is measured by:
AIts replacement cost
BHow much it adds to the overall value of the property✓ Correct
CIts original installation cost
DIts assessed value for tax purposes
Explanation
The principle of contribution states that the value of any component of a property is measured by the amount it contributes to the property's overall market value, not by its cost or intrinsic value.
Related Rhode Island Property Valuation Questions
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