2025 PPTX MTS Adding Value without Adding Value

Session Description

Property Tax Valuation: Adding Value without Adding Value

Most taxing jurisdictions go through the motions when valuing business personal property. Taxpayers submit their rendition, or list of assets and cost basis, only for the taxing authorities to at best, apply published depreciation tables and at worst, feed the data into a Byzantine black box. Most depreciation tables only account for physical depreciation and do not consider functional or economic obsolescence. The cost approach to value stops one third the way through the valuation process. This is incorrect. However, if the jurisdiction applies this methodology uniformly wrong to all taxpayers it is considered proper.

Speaker

John Ray | Senior Vice President | BVA Group

Continuing Education

Review of this session recording will award 1.2 CE hour.