Property Valuation
In South Carolina, a property's value 'as improved' differs from 'as vacant' in that:
AThey always result in the same value
BAs improved includes the contribution of existing improvements; as vacant assumes only land value✓ Correct
CAs vacant is always lower in South Carolina
DAs improved is used only for vacant land
Explanation
Value 'as improved' includes existing buildings and improvements. Value 'as vacant' assumes the land is empty and ready for its highest and best use.
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