Property Valuation
In South Dakota, which principle holds that the value of a property depends partly on the expected future income it will produce?
APrinciple of substitution
BPrinciple of anticipation✓ Correct
CPrinciple of conformity
DPrinciple of regression
Explanation
The principle of anticipation states that value is based on the present worth of expected future benefits. Buyers pay for what they expect the property to produce or provide in the future.
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