Property Valuation
The principle of conformity in Wyoming appraisal holds that:
AAll properties in a neighborhood must be identical
BA property achieves its maximum value when it is similar in use and design to surrounding properties✓ Correct
CNonconforming uses always reduce property value
DValue is maximized by building the most unique structure possible
Explanation
The principle of conformity states that properties achieve maximum value when they conform to the general character of the neighborhood. An oversized mansion in a neighborhood of modest homes (overimprovement) or an unimproved lot in an upscale area (underimprovement) may be penalized by the market.
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