The assessment report is used as a guideline to help you allocate part of the FMV to the land. If you have additions that aren't included in the assessment, add that cost to the value of the assessed "improvements." Essentially, take your FMV after additions and subtract the land value. This should be your depreciable value.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
