Property Valuation
Vermont's 'going concern value' for special-use properties such as ski resorts includes:
AOnly the real property components
BThe combined value of real property, personal property, and the business enterprise as an operating unit✓ Correct
COnly the land value
DOnly the value of improvements
Explanation
Going concern value for a ski resort or resort property includes not just the real estate but the entire operating business — equipment, goodwill, licenses, and business value — as a functioning enterprise.
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