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Indiana limestone industry properties may involve special appraisal considerations because:

Correct Answer

B) Properties near quarries may have mineral rights value, blasting concerns, and dust/noise impacts, while former quarry sites may have unique development potential

Indiana is famous for its limestone (Salem Limestone/Indiana Limestone), particularly in Lawrence and Monroe counties. Properties near active quarries face noise and dust impacts, while exhausted quarries may have development or recreational potential.

Answer Options
A
Limestone has no value
B
Properties near quarries may have mineral rights value, blasting concerns, and dust/noise impacts, while former quarry sites may have unique development potential
C
All limestone is government property
D
Limestone only exists in one county

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Related Topics & Key Terms

Related Topics:

mineral rightssevered mineral rightsenvironmental impact on property valueappraisal methodskarst topography and sinkholes

Key Terms:

Indiana limestonemineral rightsquarry proximityappraisalLawrence Countykarst topography
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