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In property valuation, appraisal districts typically utilize three primary approaches to determine property value: the cost approach, the income approach, and the sales comparison approach.

The cost approach involves estimating the cost to replace or reproduce the property and then subtracting any depreciation. This method is particularly useful for new properties or unique properties with few comparable sales.

The income approach determines property value based on the revenue that the property is expected to generate, often used for investment properties. This method involves analyzing the potential earnings from the property and calculating value based on expected income.

The sales comparison approach, on the other hand, takes recent sales of comparable properties into account, adjusting for differences to establish a market value for the property being appraised.

The acquisition method, however, is not recognized as a standard method for determining property value in the appraisal process. It could refer to the considerations taken during the purchase of property rather than determining fair market value within the appraisal context. Thus, it does not align with the established methodologies utilized by appraisal districts.