Property Valuation
In South Carolina, what is 'contribution' as an appraisal principle?
AThe amount contributed to a charity through a real estate gift
BThe value any component adds to the whole property — measured by what it contributes to total value, not its cost✓ Correct
CA developer's contribution to community infrastructure
DThe contribution of each co-owner to property expenses
Explanation
The principle of contribution measures the value of a component by what it adds to the total property value, not what it cost. A $50,000 kitchen remodel may only contribute $30,000 to value, meaning the cost does not equal the value added.
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