Property Valuation
Vermont's 'as-improved' value differs from 'as-vacant' value because:
AThey are always identical
BAs-improved includes the value of existing buildings and improvements on the land✓ Correct
CAs-vacant includes improvements but not the land
DAs-improved applies only to commercial properties
Explanation
'As-improved' value reflects the total property value with all existing buildings and improvements, while 'as-vacant' (or 'as-if-vacant') reflects only the land value, assuming no improvements exist.
Related Vermont Property Valuation Questions
- Vermont's 'retrospective appraisal' is conducted to establish value as of:
- The cost approach to real estate valuation estimates value by:
- A Vermont appraiser uses the income approach by:
- Regression in Vermont real estate appraisal means that:
- Highest and best use analysis in Vermont real estate refers to:
- Progression in real estate valuation means that:
- External (economic) obsolescence differs from functional obsolescence in that:
- Vermont's 'contributory value' of an improvement measures:
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