Property Valuation
In South Carolina, what is a 'retrospective appraisal'?
AAn appraisal looking back at historical values
BAn appraisal with an effective date in the past, estimating what a property was worth on a specific historical date✓ Correct
CAn appraisal of a property that has been demolished
DAn appraisal used only for estate or tax purposes
Explanation
A retrospective appraisal has an effective date in the past. It estimates what a property was worth on a specific historical date — useful for estate tax purposes, divorce settlements, damage claims, or condemnation cases where past value is relevant.
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