Property Valuation
A Wisconsin appraiser finds that the market has been increasing 3% per year. A comparable sale from 12 months ago sold for $300,000. The time-adjusted value of that comparable is approximately:
A$306,000
B$307,000
C$308,000
D$309,000✓ Correct
Explanation
Time adjustment: $300,000 × 1.03 = $309,000. To solve this, multiply the relevant values: $300,000 at 3%.. The correct answer is $309,000.. This is a common calculation on the Wisconsin real estate exam.
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