Property Valuation
Which principle of value states that the value of a property is affected by the values of surrounding properties in South Dakota?
APrinciple of substitution
BPrinciple of conformity✓ Correct
CPrinciple of contribution
DPrinciple of anticipation
Explanation
The principle of conformity states that properties surrounded by similar properties tend to achieve maximum value, and value is negatively affected if a property does not conform to neighborhood standards.
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