Property Valuation
In Wyoming, the residual technique in land valuation uses:
AThe sales comparison approach to determine land value directly
BThe income attributable to improvements to isolate the income attributable to land for capitalization✓ Correct
CThe cost approach to separate land and improvement values
DThe assessed value minus improvement value
Explanation
The land residual technique isolates land value by calculating the income attributable to the improvements (based on their value times a reasonable return), subtracting that from total NOI, and capitalizing the remainder (land income) to estimate land value. It is used when land sales are scarce.
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