external obsolescence

Same as economic obsolescence.

Mentioned in ?

References in periodicals archive ?

All of these developments factor into the valuation of casino real property, as they represent the elements that create both functional and external obsolescence, which must be accounted for in each of the three valuation methods discussed next.

Valuation of casinos: risky business

Appraisers refer to this as external obsolescence, which is depreciation caused by external factors not on the property.

Everybody loves good neighbors ... because bad ones cost a lot

They're not finding the cost approach any easier, either, because there are fewer properties to support an estimate of external obsolescence.

Comp out: Guide Note 11 can help appraisers determine comparable sales in a declining market

External obsolescence adjustments of 25-35 percent applied to the manufacturing equipment and CWIP.

How to uncover property tax savings opportunities

The cost approach is useful in determining depreciation values for physical deterioration, or functional or external obsolescence, as applied to the market approach.

"Who's your data?"

Economic obsolescence, also called external obsolescence, is defined as "a loss in value caused by factors outside a property.

Classification and valuation issues affecting the ad valorem taxation of business tangible personal property

Additionally, Guardian claimed the tax court had improperly calculated external obsolescence.

Tax court's methodology for determining value of special-purpose property not sufficient to calculate external obsolescence

On the positive side, many businesses--and not only manufacturers--can take advantage of external obsolescence caused by the economic crunch to reduce the assessed value of their property and, in turn, their property taxes.

Tax strategies for weathering the economic storm

Other forms of depreciation include functional obsolescence and external obsolescence.

The relationship between actual cash value and market value

Also, the subject property is no longer required to suffer from functional or external obsolescence.

Attention Residential Associates: Don't Want to Do the Residential Demo? Don't Do It!

Entrepreneurial profit, entrepreneurial incentive, and external obsolescence are contentious issues.

Defining and supporting entrepreneurial profit, entrepreneurial incentive, and external obsolescence

While these properties many times involve built-to-suit and sale-leaseback situations, these are not indications, by themselves, that massive amounts of functional or external obsolescence exist in the marketplace.