Property Valuation
A West Virginia appraiser states their value conclusion has a 'range' from $180,000 to $190,000. Under USPAP, this is permitted as:
AA point value — ranges are not allowed under USPAP
BA range or interval value opinion, which is permissible under USPAP✓ Correct
CAn appraisal review, not a standard appraisal
DOnly for mass appraisals, not individual properties
Explanation
Under USPAP, an appraiser may express their value opinion as a point estimate, a range of values, or a relationship to a benchmark. A range of values ($180,000 to $190,000) is a permissible form of value conclusion in an appraisal report.
Related West Virginia Property Valuation Questions
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