Appraiser News, Commercial Corner
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‘Functional obsolescence’ at heart of appraisal adjustment for gambling center
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Wednesday, September 30, 2015
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A gambling center in Arkansas saw its valuation altered because of an adjustment made by the county equalization board that centered on the “functional obsolescence” of a portion of the property. Read on to find out why the adjustment was made, and what effect it had on the final value.
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