Property Valuation
In West Virginia, the principle of anticipation states that value is created by:
ACurrent income the property generates
BThe expectation of future benefits (income, amenities, or appreciation)✓ Correct
CComparable sales in the immediate past
DThe cost to reproduce the improvements
Explanation
The principle of anticipation states that value is the present worth of future benefits. Buyers pay today based on their expectation of future income, amenities, and appreciation, not just current conditions.
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