What principle states that individuals will pay for benefits received from property?

The correct answer is based on the concept that individuals value property according to the benefits they expect to receive from it. This principle is referred to as the Principle of Anticipation, which posits that the value of any property is influenced by its expected future benefits, such as enjoyment, income, or use. In essence, buyers are willing to pay for property based on the advantages they perceive they will gain, making this principle vital in real estate valuation and assessment.

The other principles mentioned, while important in the context of property valuation, do not directly address how individuals assess the worth of property based on received benefits. For instance, the Principle of Contribution focuses on how much value a specific improvement adds to the property, the Principle of Supply and Demand describes market dynamics between buyers and sellers, and the Principle of Utility relates to the practical usefulness of a property. Each of these principles has its significance, but when it comes to the willingness to pay based on anticipated benefits, the Principle of Anticipation is the most relevant.