Property Valuation
What is 'locational obsolescence' in Kansas property appraisal?
AA type of functional obsolescence within the building
BLoss of value due to the property's location relative to surrounding uses, such as being adjacent to a noisy highway or industrial area✓ Correct
CDepreciation for a property in a declining census tract
DLoss of value for a property on a dead-end street
Explanation
Locational obsolescence is a form of external obsolescence caused specifically by the property's location — proximity to a highway, industrial neighbor, or other negative external influence. It is typically incurable.
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