Property Valuation
In West Virginia, which type of approach is most commonly relied upon by county assessors for mass appraisal of residential properties?
AIncome approach
BCost approach only
CSales comparison approach using automated valuation models and market data✓ Correct
DDirect capitalization approach
Explanation
County assessors typically use mass appraisal techniques for residential properties, primarily relying on the sales comparison approach using sales data, computer-assisted mass appraisal (CAMA) systems, and market analysis to value large numbers of properties efficiently.
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