According to the 65/35 Rule, what percentage is applied to the property closest to the road?

The 65/35 Rule is a guideline used in property valuation that helps to determine the allocation of value between different components of a property, specifically in relation to their proximity to a road. According to this rule, properties that are located closer to the road are typically assigned a higher percentage of valuation, which in this case is 65%. This higher percentage reflects the advantages that proximity to a road can provide, such as improved accessibility, visibility, and potential for higher traffic, all of which can contribute to a property's marketability and value.

In contrast, properties that are farther away from the road usually receive a lower percentage, which would be the remaining 35%. This helps to balance the overall valuation and account for the potential disadvantages and lower visibility that may accompany greater distances from major thoroughfares.

Understanding this rule is crucial for appraisers as it enables them to make informed decisions when valuing properties based on their location relative to roads and other significant structures. This knowledge ultimately supports accurate and fair assessments in the appraisal process.