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Last updated April 15 2019 10:42 am
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|Real Estate Term:||effective year (age)|
|Definition:||An effective year assigned to a structure based upon its condition as of the effective valuation date; it may be greater or less than the structure's actual age. Compare with actual age.|
|Source:||Montana Appraisal Manual, Montana Department of Revenue. http://revenue.mt.gov/publications/2008appraisalmanual/appraisal-manual.mcpx|