Property Valuation
Effective age of a Utah property in appraisal refers to:
AThe actual chronological age of the improvements
BThe age indicated by the property's condition and utility compared to typical properties✓ Correct
CThe age of the oldest component in the structure
DThe year the property was first listed for sale
Explanation
Effective age reflects the property's apparent age based on its condition and maintenance, which may differ from its actual (chronological) age. A well-maintained older home may have a lower effective age.
Related Utah Property Valuation Questions
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