Property Valuation
In South Carolina, the 'principle of conformity' holds that:
AAll properties must conform to local building codes
BMaximum value is achieved when properties in a neighborhood are similar in style, design, and use✓ Correct
CProperty values must conform to assessed values
DAll appraisals must conform to USPAP
Explanation
The principle of conformity holds that a property achieves maximum value when it is similar (in use, size, style) to neighboring properties. A house that is over- or under-improved for its neighborhood may lose value due to lack of conformity.
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