Property Valuation
What is 'fee simple value' in South Carolina appraisal?
AThe value assuming a small nominal fee is paid
BThe value of the property in unrestricted fee simple ownership with no leases or encumbrances✓ Correct
CThe value after paying attorney fees
DThe assessed value for fee simple properties
Explanation
Fee simple value is the value of the property as if owned in fee simple absolute, without any leases, encumbrances, or restrictions. It represents the 'unencumbered' market value.
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