When estimating the value of an income-producing property, which of the following will an appraiser not consider?

When estimating the value of an income-producing property, it is essential to focus on factors that have a direct impact on the generating ability of the property itself, rather than external financial obligations. Income taxes attributable to the property typically relate to the owner's personal tax situation rather than the property’s operational performance.

In contrast, the other options are fundamental aspects in the appraisal process. The remaining economic life of the property is crucial because it affects long-term income potential. Potential future income allows appraisers to forecast revenue streams, and net operating income represents the income available to an investor after all operating expenses are paid, which is a crucial figure in determining the value of the property. Estimating the earnings capacity of a property is a core component of any appraisal for income-producing assets, making it important to focus on those intrinsic factors, while excluding external tax implications that don't affect the property's performance directly.