Property Valuation Financial AnalysisAppraisal_methodsMEDIUM
The appraisal process which allocates a percentage of a property’s total value to the land and a percentage to the improvements is known as:
Correct Answer
B) b. the allocation approach.
The allocation method apportions value between land and improvements based on ratios.
Answer Options
A
the ratio of total value to site value.B
b. the allocation approach.C
Both a. andD
Neither a. nor b.Video Explanation2 min
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Related Topics & Key Terms
Related Topics:
cost-approach-to-valuedepreciation-analysisproperty-tax-assessment
Key Terms:
allocation methodland valuationimprovement valueappraisalland-to-value ratio
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