Obsolescence Impacting Personal Property: Considerations in the Current Economy

Authors

• Arline Broome
• Todd Barron

Files

Description

The audience participates in a thorough discussion of functional and external obsolescence issues impacting personal property. The material will cover the basic concepts of obsolescence and corresponding calculations, but will also include several advanced case studies. When valuing personal property it is critical to account for all forms of obsolescence. Unfortunately, valuation tables applied in a mass appraisal setting for property tax purposes do not necessarily capture all forms of obsolescence. Given the current economic conditions, the assets of many businesses suffer from obsolescence and, therefore, many taxpayers may be seeking and deserve a value adjustment. This session will help attendees understand the issues and how to calculate obsolescence to ensure accurate assessments.

Publication Date

8-27-2013

Document Type

Video

Recommended Citation

Broome, Arline and Barron, Todd, "Obsolescence Impacting Personal Property: Considerations in the Current Economy" (2013). Webinar Archive. 42.
https://researchexchange.iaao.org/webinar/42