What is economic obsolescence exactly, and what are the tax benefits for commercial real estate owners whose properties fit the legal definition? A panel of seasoned lawyers from the American Property Tax Counsel will provide the answers to these questions and much more in this one-hour webinar. Panelists will review a few case studies on the issue of economic obsolescence and outline steps that affected property owners need to take in order to win tax relief.

This webinar is ideal for CEOs, owners, asset managers, property managers and those who have responsibilities in the property tax area across all commercial property types including industrial.

During this webinar attendees will learn :

• Practical measurements of economic obsolescence to lower property taxes of industrial property.
• Real v. personal property:  proper classification can result in significant tax savings for industrial property owners.
• Why the assessor's valuation of industrial plants always leads to over-assessment.
• External obsolescence – the form of depreciation Assessors don’t want you to know about.
• Its not worth what you paid for it – why the cost approach requires a proper analysis of external obsolescence in economic downturns.
• When a new property’s income no longer justifies its cost, external obsolescence is usually to blame.
• How to determine external obsolescence using a net income shortfall method.
• A hotel’s value under the cost approach can be reconciled with its falling income by properly adjusting for external obsolescence.