Property Valuation
In South Carolina, the 'principle of anticipation' in appraisal states that:
AValue reflects what a property is worth today, not in the future
BValue is created by the expectation of future benefits to be derived from the property✓ Correct
CAppraisers must anticipate future zoning changes
DMarket value equals the price a buyer anticipates paying
Explanation
The principle of anticipation holds that value is the present worth of all rights to future benefits. Property is worth what buyers believe it will provide in terms of income, utility, or appreciation. This is the foundation of the income approach.
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