Property Valuation
The three approaches to value used by Washington appraisers are:
AIncome, replacement, and market
BSales comparison, cost, and income capitalization✓ Correct
CMarket, investment, and assessed
DBook value, market value, and replacement cost
Explanation
The three recognized approaches to value used by appraisers are: (1) Sales Comparison Approach, (2) Cost Approach, and (3) Income Capitalization Approach. Each approach is weighted based on the property type.
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