Property Valuation
Vermont's 'tax assessed value' is useful in appraisal as:
AThe primary basis for the appraisal
BBackground information, but it may not reflect current market value and is not the appraiser's primary valuation tool✓ Correct
CA cap on the market value
DA floor below which the value cannot fall
Explanation
Tax assessed values are administrative determinations that may lag behind market conditions. Appraisers consider them as background information but do not rely on them as the primary basis for market value opinions.
Related Vermont Property Valuation Questions
- Vermont's 'leased fee estate' value reflects:
- The income approach to value is most commonly used to appraise:
- Which Vermont market trend most significantly increased rural property values after 2020?
- Vermont's 'effective gross income' (EGI) is calculated as:
- When using the cost approach, reproduction cost is the cost to build:
- A Vermont property with contamination from a prior use (stigmatized property) may suffer:
- Vermont's estate sales (sale from a decedent's estate) may require verification that the sale price represents:
- Vermont's Killington Peak area properties may have seasonal fluctuations in value — the appraisal principle this reflects is:
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