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Part 3. Income Capitalization Approach to Valuing Land (8 points) The additional net income per acre from Section B represents the maximum cash rent but,
Part 3. Income Capitalization Approach to Valuing Land (8 points) The additional net income per acre from Section B represents the maximum cash rent but, if you owned the land instead of renting, it would be available to you as income. However, ownership also means that you pay property taxes on the land. So, you need to consider the implications of ownership versus rental
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