Measuring External Obsolescence in Tangible Personal Property
Presentation Category
04 APPRAISING PROPERTY
Session Description
Assessing Officers often face valuation challenges due to External Obsolescence in Tangible Personal Property. Likely, appeals will increase over the next few years as a result of business closures due to the effects of COVID-19. This presentation defines External Obsolescence, and discusses whether loss in value in property is appropriate as a result of the Pandemic. Other examples of potential loss in value due to obsolescence are included, along with examples of measuring such obsolescence.
Audience Expertise
General Interest (Appropriate for all experience level)
Start Date
8-31-2021 9:30 AM
End Date
8-31-2021 10:30 AM
Measuring External Obsolescence in Tangible Personal Property
Grand Hall J
Assessing Officers often face valuation challenges due to External Obsolescence in Tangible Personal Property. Likely, appeals will increase over the next few years as a result of business closures due to the effects of COVID-19. This presentation defines External Obsolescence, and discusses whether loss in value in property is appropriate as a result of the Pandemic. Other examples of potential loss in value due to obsolescence are included, along with examples of measuring such obsolescence.
