Appraisal Articles 2019 Free Appraisal Articles for Appraisers and the Public
Valuing billboards / outdoor advertising signs
The question many appraisers ask is "are billboard / outdoor advertising sign structures a real property improvement or are they personal property?" Since structures are attached to the land many people logically conclude that they are a real property improvement, but they are often not deemed real property. Billboards in some states are considered real property and in other states they are considered personal property. In Nevada NRS 361.013 defines a "Billboard" as "a sign that directs attention to a business, commodity, service, entertainment or attraction that is sold, offered or exists at a location other than the premises on which the sign is located" and state law indicates that signs are personal property.