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2. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...

3. Cost approach - Wikipedia

   en.wikipedia.org/wiki/Cost_approach

   Cost approach. Cost approach is a real estate appraisal valuation method used to price an individual property. [1] It is one of three methods, the others being market approach, or sales comparison approach, and income approach. The fundamental premise of the cost approach is that a potential user of real estate will not, or should not, pay more ...

4. NC land appraiser got $467m in tax breaks on bogus land ... - AOL

   www.aol.com/news/nc-land-appraiser-got-467m...

   The man wasted no time launching his ruse after becoming a licensed real estate appraiser, prosecutors said. NC land appraiser got $467m in tax breaks on bogus land values. Now, he’s going to prison

5. Real estate appraisal - Wikipedia

   en.wikipedia.org/wiki/Real_estate_appraisal

   Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.

6. Property tax - Wikipedia

   en.wikipedia.org/wiki/Property_tax

   The amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%). To this base is then applied the revaluation coefficient. (It stood at 1.012 for 2020).

7. Where exactly is NC setting of ‘Where the Crawdads ... - AOL

   www.aol.com/news/where-exactly-nc-setting-where...

   Bath sits about 45 minutes from Greenville and is also located near marshy and swampy land on the Pamlico River. Notably, Bath was North Carolina’s first town and served as the state’s first ...