Sentences with phrase «economic obsolescence»

New technologies, shifting markets and aging buildings can drive economic obsolescence across entire industries.

One appraiser viewed the building as used for general office or warehouse space, and did not perform a cost - approach analysis because of the large degree of economic obsolescence related to a single - tenant industrial building used as an operations center.

New technologies, shifting markets and aging buildings can drive economic obsolescence across entire industries.

Not exact matches

To be sure, this is a travesty of economic reality inasmuch as it reflects a distorted set of tax laws that permit absentee investors to depreciate buildings again and again, as if they wear out and lose value through lack of upkeep (despite landlords being legally required to maintain rental properties intact), or by obsolescence (even as construction standards cheapen).

The actual rate at which an asset's value falls is called economic depreciation, which depends on wear and tear and the rate of technological obsolescence..

It's critical for owners to identify both economic and functional obsolescence in order to fight unfair property tax assessments.

Understanding both economic and functional obsolescence is essential to properly evaluate tax assessments for...

Assessors are more likely to value properties deemed to be special - purpose with primary reliance on the cost approach, with its inherent difficulties in accurately measuring all forms of depreciation and obsolescence, both functional and economic.

It's critical for owners to identify both economic and functional obsolescence in order to fight unfair property tax assessments.

According to The Appraisal of Real Estate, 13 th Edition (Appraisal Institute, 2008), external obsolescence may be caused by economic or locational factors, and may be temporary or permanent, but it is not curable by the owner, landlord or tenant.