Property Valuation
In South Carolina, the cost approach to value is most reliable for:
AOlder residential properties with significant depreciation
BIncome-producing commercial properties
CSpecial-use properties like churches or schools with few comparable sales✓ Correct
DVacant land with no improvements
Explanation
The cost approach is most reliable for special-use or unique properties (churches, schools, government buildings) where sales comparables and income data are scarce. It estimates the cost to replace the improvements minus depreciation.
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