Property Valuation
A Virginia appraiser is appraising a historic property in Roanoke that is subject to historic preservation easements. This restriction would most likely:
AIncrease the property's value
BHave no effect on value
CReduce the property's market value due to limited development rights✓ Correct
DRequire USPAP exemption
Explanation
Historic preservation easements restrict future alterations and development. These limitations on use typically reduce market value because they constrain the owner's options.
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