Cost approach values property by summing land value and costs to rebuild, minus depreciation. Key to cost approach: find land value, calculate new construction costs, assess depreciation. Cost ...

Discover how the market approach values assets using recent sales of comparable items, providing a reliable appraisal method for various asset types.

Defendant appealed from two judgments reducing the 2005 and 2006 tax assessments on two parcels owned by plaintiff. Following a trial, the tax court ruled that plaintiff had overcome the presumption ...

“The ‘cost-based approach’ minimizes the risk of mixing the value of a technology with the value of a standard as such. Instead, it uses market forces to calculate a rate based on continued investment ...