Why is the value of a property based on a property valuation often different from that of a property assessment?
I. Assessments are based on sales as far back as a year ago
II. Property valuations rely on the most recent sales
III. Assessments are done for taxation as opposed to a sale
IV. Assessments use a different process referred to as mass appraisal

A) Statements I, II, and III
B) Statements II, III, and IV
C) Statements I, III, and IV
D) All statements apply