Property Valuation
In South Carolina, what is the 'principle of regression' in appraisal?
AValues always decline over time
BA higher-value property is dragged down in value when located among lower-value properties✓ Correct
CValue decreases as a property ages
DProperty values regress toward the mean over time
Explanation
The principle of regression holds that a more expensive or superior property is negatively affected in value by the proximity of inferior or less valuable properties. It is the opposite of the principle of progression.
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