Presentation Title (Limit of 12 words)

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

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Aug 31st, 9:30 AM Aug 31st, 10:30 AM

Measuring External Obsolescence in Tangible Personal Property

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.