Which of the following factors should be considered in property assessment?

The choice that involves current sales data and economic factors is correct because these elements are essential in determining the value of a property during assessments. Property assessments aim to reflect market value, and current sales data provides a benchmark based on recent transactions in the area. This data includes sale prices of comparable properties, which helps assessors gauge what buyers are willing to pay and ensures that assessments remain aligned with market conditions.

Economic factors, such as local economic trends, unemployment rates, and overall demand for housing, also play a significant role. Fluctuations in the economy can affect property values, as they may influence buyer behavior, investment potential, and ultimately the market value of properties.

Other factors are not as relevant in the context of a comprehensive property assessment. The age of the property, while it can affect value, is only one of many considerations and does not provide a complete picture on its own. The previous owner's financial status has no bearing on the current value of the property, as assessments focus on the property itself and its market context, not the financial situation of prior owners. Lastly, the color of the property is a subjective feature that has little to no impact on the market value when compared to economic data and recent sales.