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CABARRUS COUNTY 2012 APPRAISAL MANUAL <br />SCHEDULE FOR DETERMINING DEPRECIATION ON BUILDINGS WITH A 40 YEAR LIFE EXPECTANCY AS <br />USED IN THE EXAMPLE ABOVE. <br />40 YEAR LIFE EXPECTANCY - DEPRECIATION SCHEDULE #6 <br />EFFECT. <br />AMOUNT PERCENT. * <br />EFFECT. <br />AMOUNT <br />PERCENT. <br />AGE <br />OF DEPR. GOOD * <br />AGE <br />OF DEPR. <br />GOOD <br />1 <br />1 99 <br />21 <br />37 <br />63 <br />2 <br />2 98 <br />22 <br />39 <br />61 <br />3 <br />3 97 <br />23 <br />41 <br />59 <br />4 <br />4 96 <br />24 <br />43 <br />57 <br />5 <br />5 95 <br />25 <br />45 <br />55 <br />6 <br />7 93 <br />26 <br />47 <br />53 <br />7 <br />9 91 <br />27 <br />49 <br />51 <br />8 <br />11 89 <br />28 <br />51 <br />49 <br />9 <br />13 87 <br />29 <br />54 <br />46 <br />10 <br />15 85 <br />30 <br />57 <br />43 <br />11 <br />17 83 <br />31 <br />60 <br />40 <br />12 <br />19 81 <br />32 <br />63 <br />37 <br />13 <br />21 79 <br />33 <br />66 <br />34 <br />14 <br />23 77 <br />34 <br />68 <br />32 <br />15 <br />25 75 <br />35 <br />70 <br />30 <br />16 <br />27 73 <br />36 <br />70 <br />30 <br />17 <br />29 71 <br />37 <br />70 <br />30 <br />18 <br />31 69 <br />38 <br />70 <br />30 <br />19 <br />33 67 <br />39 <br />70 <br />30 <br />20 <br />35 65 <br />40 <br />70 <br />30 <br />ECONOMIC OBSOLESCENCE - FUNCTIONAL OBSOLESCENCE <br />ECONOMIC OBSOLESCENCE is determined through value loss due to conditions outside the property. <br />FUNCTIONAL OBSOLESCENCE is determined through value loss within the property. <br />Economic and functional obsolescence is depreciation added to the Normal Depreciation. Therefore if a building has 10% <br />normal depreciation due to its age and you apply 10% Economic Obsolescence due to outside influence, the total depreciation <br />would be 20 %. <br />Cabarrus County — 2012 Revaluation <br />CALCULATION OF <br />SYSTEM VALUES <br />7-8 <br />8/9/11 <br />Attachment number 8 <br />G -6 Page 271 <br />