National Real Estate Investor, 2000-01, Vol.42 (1), p.45
2000
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Details
- Autor(en) / Beteiligte
- Titel
- Industrial property owners get tax savings
- Ist Teil von
- National Real Estate Investor, 2000-01, Vol.42 (1), p.45
- Ort / Verlag
- Atlanta: Penton Media, Inc., Penton Business Media, Inc. and their subsidiaries
- Erscheinungsjahr
- 2000
- Quelle
- Business Source Ultimate【Trial: -2024/12/31】【Remote access available】
- Beschreibungen/Notizen
- A recent decision by the Oregon Tax Court reaffirmed that functional obsolescence has enormous tax-saving potential for owners of older industrial, commercial or utility properties. The court held that functional obsolescence due to excess operating costs must be deducted as depreciation from the replacement cost using the cost approach. While this holding is not earth-shattering, the court's determination of the appropriate discount rate to calculate the after-tax present value of the excess operating costs merits attention. The case of Les Schwab et al. vs. Department of Revenue is discussed.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0027-9994Titel-ID: cdi_proquest_reports_200347595
- Format
- –
- Schlagworte
- Appraisers, Capital costs, Commercial real estate, Cost control, Court decisions, Depreciation, Discount rates, Industrial property, Labor costs, Operating costs, Present value, Property tax, Property taxes, State court decisions, Tax assessments, Tax courts, Taxation, Taxes, Testimony