Property Valuation
A Texas property has both a large garage and a pool. An appraiser values these separately. Which term applies to each feature's value contribution?
ABoth are appraised at replacement cost
BMarket contribution value — the amount a typical buyer would pay for each amenity✓ Correct
CThe appraiser assigns the county appraisal district's values
DBoth features are excluded from the appraisal
Explanation
Amenities like garages and pools are valued by their market contribution — what the typical buyer would pay extra for that feature, derived through paired sales analysis. This contribution may be less than (or more than) the cost to build the feature.
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