Property Valuation
In South Dakota, the 'effective age' of a building used in appraisal refers to:
AThe chronological age since construction
BThe age indicated by the building's condition and remaining utility, which may differ from its actual age✓ Correct
CThe age determined by the assessor's office
DThe number of years remaining on the building's useful life
Explanation
Effective age is the age indicated by the condition, maintenance, and functionality of a building, as opposed to its chronological age. A well-maintained older building may have an effective age less than its chronological age; a neglected newer building may have a greater effective age.
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