Property Valuation
Vermont's Mount Snow and Okemo ski properties command valuation premiums because of:
ALower property taxes than the rest of Vermont
BAccess to ski slopes, mountain amenities, and rental income potential that enhance market value✓ Correct
CTheir proximity to Burlington's urban services
DSpecial exemptions from Act 250 requirements
Explanation
Ski resort proximity adds significant value to Vermont properties through access to recreational amenities, rental income potential during ski season, and demand from resort-area buyers, driving prices above comparable non-resort markets.
Related Vermont Property Valuation Questions
- Which appraisal method is typically most appropriate for valuing a Vermont ski resort lodge with no comparable sales?
- Vermont's Killington Peak area properties may have seasonal fluctuations in value — the appraisal principle this reflects is:
- Vermont's Killington ski resort area properties experience higher value during ski season because of the principle of:
- Vermont's 'absorption rate' in real estate market analysis measures:
- Vermont's 'reconciliation' in an appraisal report refers to:
- A Vermont appraiser uses the income approach by:
- When an appraiser makes an upward adjustment for a comparable sale that lacks a garage that the subject property has, this reflects:
- In Vermont, 'accrued depreciation' as used in the cost approach represents:
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