The anticipated use or development method provides an indicator of value based on:

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The anticipated use or development method indicates value based on the total projected sales price after the development of a property. This approach is especially relevant in assessing properties that are intended for future development, where the anticipated use and potential market demand play a crucial role in estimating the value. By focusing on the projected outcomes of the development process, this method aligns the valuation with current market expectations and future potential returns.

In this context, looking at the total projected sales price helps assessors understand what the property could ultimately be worth once developed, taking into account factors such as zoning, intended use, market trends, and demand for specific types of developments. Such projective analysis is indispensable for making informed decisions about land use and investment potential.

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