What does RCLND and LCF mean in land appraisals?
Answer:
RCLND
A method used by the Assessor to value business personal property. It is the cost to
replace an existing property with a property of equivalent utility minus normal
depreciation. (Replacement Cost less Normal Depreciation.)
With LCF, all could find was info about a Land Conservation Fund and Local Condition Factor.
RCLND
A method used by the Assessor to value business personal property. It is the cost to replace an existing property with a property of equivalent utility minus normal depreciation. (Replacement Cost Less Normal Depreciation.)
LCF
Local condition factor
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