Property Valuation
What is 'functional obsolescence' in Kansas property appraisal?
APhysical deterioration from age and use
BLoss of value due to features within the property that are inadequate or outdated for current market standards✓ Correct
CLoss of value from external factors like a new highway
DDepreciation claimed for tax purposes
Explanation
Functional obsolescence is a loss of value caused by factors within the property, such as outdated floor plans, inadequate electrical systems, or poor design that does not meet current buyer expectations.
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