Property Valuation
Effective age in appraisal refers to:
AThe year the building was originally constructed
BThe building's age based on its condition and utility, not calendar age✓ Correct
CThe age of the most recent renovation only
DThe age as listed in county tax records
Explanation
Effective age reflects the condition and usefulness of a building relative to a new structure. A well-maintained older home may have a lower effective age than its chronological age.
Related Virginia Property Valuation Questions
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