Property Valuation
In New Mexico, 'physical deterioration' that is 'incurable' refers to:
ADamage that can be repaired at any cost
BWear and tear where the cost to cure exceeds the value that would be added by the repair✓ Correct
CFoundation damage only
DCosmetic damage only
Explanation
Incurable physical deterioration exists when the cost to fix the problem exceeds the value the repair would add (not economically feasible). These items reduce property value as depreciation but are not worth repairing.
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