Property Valuation
A West Virginia appraiser is appraising a rural property with Marcellus Shale mineral rights intact. The appraiser must:
AIgnore mineral rights as they are not real property
BDetermine whether the value opinion includes or excludes the mineral rights and state this clearly✓ Correct
CAlways add $50,000 per acre for mineral rights
DValue only the surface estate and note the mineral rights are unvalued
Explanation
An appraiser must clearly define what is being valued. If the assignment includes mineral rights, they must be considered. If they are excluded, the report must clearly state this. The scope of the appraisal assignment determines whether mineral rights are included in the value opinion.
Related West Virginia Property Valuation Questions
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