Property Valuation
What is 'contributory value' in a Rhode Island appraisal?
AThe total value of all contributions made to a property
BThe amount a particular feature or component adds to the overall market value of a property✓ Correct
CThe value of the land before improvements
DThe appraiser's fee for their contribution to the report
Explanation
Contributory value is the amount a particular feature or improvement adds to the overall property value. For example, the contributory value of a swimming pool is how much the pool adds to the home's market value (which may be less than its cost).
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