When analyzing data for a final estimate of value on a property, an appraiser would give the least consideration to:

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In the process of appraising a property, the assessed value is often given the least consideration compared to other metrics. This is because the assessed value is primarily used for tax purposes, reflecting a value determined by local government entities rather than the current market demand or the specific characteristics of the property being evaluated. Appraisers typically focus more on the market value of comparable properties, the condition of the property, and the income it generates, as these elements provide a more accurate representation of what buyers are willing to pay in the current real estate market.

Market value draws on relevant data of similar properties that have recently sold, allowing for a comparative analysis. The condition of the property affects its desirability and, often, its price. Similarly, the income produced by the property demonstrates its potential investment value, which is crucial in income-producing properties. In contrast, assessed value does not necessarily correlate with these market indicators and may not reflect the true market dynamics, making it less critical in the appraisal process overall.

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