Property Valuation
In Wyoming, the cost approach is most reliable for appraising:
AIncome-producing apartment complexes
BUnique or special-use properties with few comparable sales✓ Correct
COlder residential homes in established neighborhoods
DProperties in declining markets
Explanation
The cost approach is particularly useful for special-use or unique properties (churches, schools, public buildings, grain elevators) where there are few comparable sales and the income approach may not apply. It is also used for new construction and insurance purposes.
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