This article first reviews both the cost replacement approach and how tax assessors value housing, and then summarizes the need for parcel-specific depreciated structural replacement values for disaster mitigation efforts across the United States.
Natural disasters, Replacement cost approach to value
Shultz, S. (2017). Using assessed housing values to estimated depreciated structural replacement costs: opportunities for natural disaster management. Journal of Property Tax Assessment & Administration, 14(2), 59-70. Retrieved from https://researchexchange.iaao.org/jptaa/vol14/iss2/4