Assessors and Land Value

Which phase of land appraisal involves the classification of land according to its current use?

What type of data is collected during the site analysis phase of land appraisal?

Which tool is considered invaluable for identifying land-related data during the identification and description phase of land appraisal?

Which method is used for the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing?

What is the sum of the value of the land and the value of the buildings and improvements on a parcel?

What factors should be considered when establishing land values?

Which of the following is NOT a determinant of land value?

What is the definition of scarcity in relation to land value?

Which of the following factors affects land value?

What are site attributes in relation to land value?

Which lots in Figure 2 have standard depths?

What is the sale price per front foot for lot 6?

What is the depth factor for a lot with a standard depth of 120 feet and a depth of 140 feet?

Which of the following is NOT a factor that affects land value?

What is the purpose of mass appraisal in land valuation?

Which of the following is NOT a physical characteristic of land that is considered when establishing land values?

Which of the following is a determinant of land value?

What is the definition of utility in relation to land value?

What is the definition of effective purchasing power in relation to land value?

Which factors affect land value?

Which of the following is NOT a physical attribute that affects land value?

What are situation attributes in relation to land value?

Which land valuation method involves direct comparisons with actual market transactions of similar properties?

What is the first phase of land appraisal?

Which of the following is NOT a category used for determining comparability between a subject property and comparable properties?

What is one of the more important factors when determining the classification and highest and best use of a property?

When determining comparability, what must be considered if market conditions have varied between the date of sale and date of appraisal?

Which of the following physical characteristics can influence the value of a property?

Which element of comparison refers to the neighborhood influence on the marketability of lots, parcels, or sites?

What is the most relied upon technique for determining the amount of adjustment for differences in physical characteristics between comparables and the property being appraised?

When is a location adjustment generally necessary when comparing a comparable site to the property being appraised?

What is the condition of sale element of comparison based on?

Which unit of comparison is most commonly used for residential properties?

What is the definition of front foot?

What is the effective front footage for Parcel B, a triangular-shaped lot with 100 feet along its base?

How is the effective front footage determined for irregular shaped parcels?