The MTS Journal is the LEADING voice for Machinery and Technical Specialties valuers. Published by ASAʼs MTS Committee, the MTS Journal is written both for the appraiser who values equipment and for those who have a professional interest in the subject.
The article defines external obsolescence and discusses the challenges in measuring it in the valuation of complex properties for property tax purposes.
This discussion describes the three basic appraisal approaches as they apply to regulated entities, and explains why each may or may not be suitable for seven appraisal purposes.
