Property Valuation
The South Carolina Assessor determines a property's fair market value using all three approaches. The final value conclusion is primarily determined by:
AThe highest indicated value
BThe average of all three approaches
CThe approach most applicable to the property type, weighted by the appraiser✓ Correct
DThe cost approach only
Explanation
Appraisers use judgment to reconcile the different value indications, placing greater weight on the approach most appropriate for the property type and market conditions.
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