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2 years ago

17. The market value of a property is

Advanced Placement (AP)

1 answer:

Irina18 [472]2 years ago

8 0

The correct answer would be option B, A percent of its assessed value.

The market value of a property is A percent of its assessed value.

Explanation:

Market value is basically an estimate, an opinion, about the percentage price of the fair value of the property or anything.

When estimates and opinions are made about the selling price of the property in the competitive market, actually the Market value of that property is assessed. The market value of the property is assessed on the following criteria:

benefits and features of the property
overall situation of the real estate market
supply and demand of the properties
value of the similar properties in the current situation

On the basis of the above criteria, the market value of the property is assessed.

Learn more about Market Value at:

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