Which type of value considers the potential for future use and benefits?

The type of value that considers the potential for future use and benefits is anticipated value. This concept focuses on the expected future benefits that an asset may provide, taking into account factors such as anticipated changes in market conditions, future cash flows, or potential development or improvements that can enhance the property's utility.

Anticipated value is significant in real estate and investment decisions because it allows stakeholders to consider not just the current worth of an asset, but also its earning potential and how that might evolve over time. For appraisers and assessors, understanding anticipated value is crucial for providing accurate property assessments that reflect not just current market conditions but future scenarios as well.

In contrast, book value represents the value of an asset according to its balance sheet, which does not take into account future potential. Intrinsic value refers to the inherent worth of an asset, often based on fundamental analysis, rather than its future benefits. Current market value indicates what an asset would sell for in the current market, reflecting present conditions rather than future prospects.