Property Valuation
In Wyoming, the value of water rights appurtenant to a ranch is typically:
AIncluded automatically in any appraisal without separate consideration
BEstimated separately based on the priority date, amount, and use of the water rights✓ Correct
CEqual to the cost of alternative water sources only
DZero because water rights are publicly owned
Explanation
Water rights in Wyoming have significant value that must be separately estimated in a ranch appraisal. Senior priority water rights with large appropriations for high-value uses (irrigation) are worth more than junior rights or rights for lower-value uses.
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