Under the cost method of assessment, the assessor simply compares surrounding property sales and determines assessed values.

Name: Under the cost method of assessment, the assessor simply compares surrounding property sales and determines assessed values.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The cost method of assessment estimates the cost to replace a property with a similar one, considering materials, labor, and other factors, rather than comparing surrounding property sales.

Under the Cost Method of Assessment, the Assessor Simply Compares