Property Valuation
When a South Dakota property's improvements represent 80% of the total value, the land-to-improvement ratio is:
A80:20
B20:80✓ Correct
C50:50
D4:1 in favor of improvements
Explanation
If improvements are 80% of total value, then land is 20%. The land-to-improvement ratio is 20:80 (land:improvements), or 1:4.
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