Property Valuation
In South Carolina, the 'principle of progression' in appraisal states that:
AProperty values always increase over time
BA lower-value property benefits from being located near higher-value properties✓ Correct
CProperty values decline as improvements age
DA property's value increases as the neighborhood improves
Explanation
The principle of progression holds that the value of an inferior property is increased by its proximity to superior properties. The opposite (regression) says a superior property's value is diminished by proximity to inferior properties.
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