A Comparable Property Has a Feature That Is Superior to the Subject

question 34

Multiple Choice

A comparable property has a feature that is superior to the subject property.What adjustment would be made in the sales comparison approach to value?

• A)Value of the feature would be subtracted from the sales price of the comparable property
• B)Value of the feature would be added to the sales price of the comparable property
• C)Value of the feature would be subtracted from the value of the subject property
• D)Value of the feature would be added to the value of the subject property

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Definitions:

Excise Tax

A tax levied on specific goods or commodities sold within a country, such as alcohol and cigarettes.

Price Elasticity

A parameter for gauging the response of demand to price variations of a product.

Excise Tax

A tax levied on the sale or consumption of specific goods or services, such as alcohol, tobacco, and gasoline.

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed to the government.