Age Coverage Tax Liabilities 
International Society of Appraisers
MARCH 14, 2025
The definition may vary slightly from federal government definitions used to determine tax liabilities. Note that the definition of replacement cost comparable mentions age. If the Cartier ring mentioned above dated to 1925, then age is a significant value characteristic.
Harrison Appraisals
APRIL 7, 2023
In other words, age alone does not necessarily translate into value. In other words, age alone does not necessarily translate into value. A current appraisal will help ensure that your insurance coverage is appropriate, and that you’re not paying high premiums for something that has actually depreciated in value over time.
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