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Journal of Property Tax Assessment & Administration

Abstract

State and local property taxation legal counsel and/or electric generation tangible personal property owners often require tangible personal property appraisers to appraise their tangible personal property. Such tangible personal property may be appraised for numerous purposes but are often appraised in property taxation related disputes. In such instances, appraisers may apply cost approach appraisal methods. As part of these cost approach appraisal methods, the appraiser must consider the physical deterioration component of depreciation. This discussion will focus on the measurement of physical deterioration in a cost approach analysis to value electric generation tangible personal property.

First Page

29

Last Page

41

Keywords

Depreciation; Replacement cost approach to value; Valuation of personal property

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