Property Valuation
A Vermont property recently appraised for $400,000. The tax assessor values it at $360,000. The 'assessment ratio' is:
A10%
B40%
C90%✓ Correct
D111%
Explanation
Assessment ratio = Assessed value ÷ Market value = $360,000 ÷ $400,000 = 0.90 = 90%. Many municipalities assess at less than full market value.
Related Vermont Property Valuation Questions
- The principle of conformity states that property values are maximized when:
- Vermont's economic base analysis for real estate investment examines:
- Which approach to value would be MOST appropriate for a new fire station being built in a Vermont town?
- Which appraisal method is typically most appropriate for valuing a Vermont ski resort lodge with no comparable sales?
- When a Vermont appraiser uses the 'paired sales analysis' to measure the value impact of a specific feature, they:
- The 'highest and best use' of a Vermont parcel is defined as the use that is:
- Vermont's 'effective gross income' (EGI) is calculated as:
- External obsolescence in Vermont real estate valuation could be caused by which of the following?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →