Which of the following is a characteristic of bona fide residential transitional property?

Prepare for the Georgia Appraiser Certification Exam. Utilize flashcards and multiple choice questions with detailed explanations. Ace your test!

Bona fide residential transitional property refers to land that is in the process of transitioning from one use to another, typically from agricultural or undeveloped land to residential use. The key characteristic of this type of property is that it serves legitimate residential uses in developing areas. This means that even if the property is not yet fully developed, it is recognized for its potential and current contributions to residential needs in a growing community.

Properties classified as bona fide residential transitional are often seen in areas where urban development is encroaching on previously non-residential land uses, such as agriculture. This transformation usually spurs the demand for residential housing, making the property significant for development planning and community growth. By being in a state of transition, these properties are typically viewed through the lens of future residential potential, rather than remaining as strictly agricultural or undeveloped land.

In contrast, undeveloped land does not meet the criteria for active use, and strictly agricultural land is typically not considered for residential development until zoning changes or new planning initiatives take place. Properties assessed based solely on future value may not take current legitimate uses into account, which is a defining feature of bona fide transitional properties. Thus, serving legitimate residential uses in developing areas reflects the recognized transformation and active role of these properties in

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