Property Valuation
Vermont's 'land value' in an appraisal is typically estimated using:
AThe cost of clearing the land
BSales comparison of similar vacant land sales, extraction, or land residual methods✓ Correct
CThe municipality's assessment of the land component
DOnly the income approach
Explanation
Vermont appraisers estimate land value primarily through the sales comparison approach (using vacant land sales), and may also use the extraction method (subtracting depreciated improvement value from total sale price) or the land residual technique.
Related Vermont Property Valuation Questions
- Vermont's Uniform Standards of Professional Appraisal Practice (USPAP) require appraisers to:
- Vermont's 'bulk discount' principle in appraisal means that:
- Vermont's 'effective age' of a property differs from its actual (chronological) age because:
- Vermont's 'appraisal scope of work' under USPAP means the appraiser must:
- Vermont town listers are responsible for which of the following?
- Vermont's 'contamination stigma' after environmental cleanup means a property may still experience:
- The 'principle of contribution' in Vermont appraisal states that:
- Vermont's 'leased fee estate' value reflects:
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