Property Valuation
Vermont's 'prospective appraisal' estimates value as of:
AA past date
BA future date, used for proposed construction, development planning, or financing projections✓ Correct
CThe filing date of the appraisal report
DThe last tax assessment date
Explanation
A prospective appraisal estimates value as of a future date — commonly used for proposed construction projects to estimate stabilized value upon completion for financing or feasibility purposes.
Related Vermont Property Valuation Questions
- The income approach to value is most commonly used to appraise:
- In Vermont, 'accrued depreciation' as used in the cost approach represents:
- Vermont's Uniform Standards of Professional Appraisal Practice (USPAP) require appraisers to:
- Vermont's 'effective age' of a property differs from its actual (chronological) age because:
- Vermont's 'equalization study' uses the Common Level of Appraisal (CLA) to achieve which goal?
- Vermont's 'surplus land' versus 'excess land' distinction means surplus land:
- The principle of conformity states that property values are maximized when:
- A Vermont appraiser completing a 'retrospective appraisal' (as of a past date) must base the opinion of value on:
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