Property Valuation
The principle of anticipation in Wyoming real estate values states that:
ACurrent value equals the sum of past improvements
BValue today reflects the present worth of all anticipated future benefits from ownership✓ Correct
CA property's value depends on its current income only
DValue is determined by what was paid for the property in the past
Explanation
The principle of anticipation holds that present value is based on the anticipated future benefits (income, use, enjoyment) of ownership. This principle underlies the income approach—buyers pay today based on expected future cash flows.
Related Wyoming Property Valuation Questions
- An appraiser making a positive adjustment to a comparable sale in Wyoming means:
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