Property Valuation
A Vermont appraiser notes that a recently sold comparable has a larger lot than the subject property. To adjust for this difference, the appraiser would make a:
APositive (upward) adjustment to the comparable
BNegative (downward) adjustment to the comparable to account for its superior lot size✓ Correct
CUpward adjustment to the subject
DNo adjustment, as lot size rarely affects value
Explanation
When the comparable is superior to the subject in an attribute (here, a larger lot), the appraiser makes a negative (downward) adjustment to the comparable to equalize it with the subject. Adjustments are always applied to the comparable, not the subject.
Related Vermont Property Valuation Questions
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