Assertion: appraisal's value | /r/HasProperty | estimated
Facets:
value: as of the future date
type: TEMPORAL
value: by summing the land value
type: MANNER
Source sentences:
text: The theory is that the value of a property can be estimated by summing the land value and the depreciated value of any improvements.
text: If the contemporary value of the property is estimated as of the current date, the value of the vacant lot could be estimated without any particular assumptions.
text: If the value of the property is estimated as of the future date six months away when the property is expected to be improved with a new house, the prospective value of the vacant lot could be estimated, but would have to be reported under the extraordinary assumption that the house is not constructed.
text: If the value of the property is estimated as of the future date six months away when the property is expected to be improved with a new house, the prospective value of the vacant lot could be estimated, but would have to be reported under the extraordinary assumption that the house is not constructed.
text: Therefore, while the objective of any appraisal is to estimate value, the particular value to be estimated must be specified.
text: The nature of the question or decision determines what value is to be estimated and, therefore, the objective of the appraisal.