Intangible property tax, Computer software, Valuation of personal property
The value created through the simultaneous use of tax-exempt intangible assets and the firm’s other taxable assets is impounded in the firm’s going-concern value. It is shown that the tax-exempt intangible assets should be valued at the market prices at which they would trade separately in their own markets. An estimate of the firm’s taxable asset value is determined by subtracting the separate market values of the tax-exempt intangible assets from the estimated going-concern value of the entire business entity.
Simonds, Richard R.
"Property tax valuation of corporations with excludable intangible assets,"
Assessment Journal: Vol. 9
, Article 1.
Available at: https://researchexchange.iaao.org/assessment_journal/vol9/iss4/1