Transcription of 3.00 - Block - Mangan - Rotkowski - EO …
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46th Annual Taxation Conference APPRAISAL for AD VALOREM. TAXATION. of Communications, Energy and Transportation Properties July 24 28, 2016. Economic Obsolescence and Market Value Michael Mangan , JD. Tonkon Torp Aaron Rotkowski , CFA, ASA, CBA. Willamette Management Associates External Obsolescence in Unit Valuation External Obsolescence is a component of all three valuation approaches It is implicit in the market approach (lower multiples). It is implicit in the income approach (lower income). It is explicit in the cost approach Our presentation is focused on cost approach unit valuation methods 2.
External Obsolescence in Unit Valuation • External Obsolescence is a component of all three valuation approaches – It is implicit in the market approach (lower multiples)
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