3 ms·
You are depreciating the built structure, not the land. It’s land values which increase.
by shuckles 6y ago
You are depreciating the built structure, not the land. It’s land values which increase.
- thrower123 6y agoYou can't really decouple the two. There is a value that the land is assessed at, and a value that the structure is assessed at. Both have increased.
- shuckles 6y agoYes you can. In fact, every property tax assessment in California decouples them.