Property Valuation
Which appraisal method is typically most appropriate for valuing a Vermont ski resort lodge with no comparable sales?
ASales comparison approach using nearby residential homes
BIncome approach based on projected rental revenue and capitalization rate✓ Correct
CGross rent multiplier using single-family rental data
DAssessed value from the town grand list
Explanation
For income-producing special-use properties like ski resort lodges with limited comparable sales, the income approach—capitalizing projected net operating income—is typically the most reliable valuation method.
Related Vermont Property Valuation Questions
- Which Vermont market trend most significantly increased rural property values after 2020?
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- Vermont's estate sales (sale from a decedent's estate) may require verification that the sale price represents:
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- Vermont's 'paired sales analysis' in appraisal is used to:
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