Brief Session Description
This plenary presentation will discuss the various approaches to identifying and allocating intangible value and make recommendations that are specific to property tax assessments. Because so many industries are concerned with intangible value, an abundance of methods to identify and value these assets have appeared over the years. Business appraisers, accountants, financial executives, lenders and appraisers all have reasons for allocating intangible assets and the techniques they use may be appropriate for their purposes, but not for others. In 2015, the IAAO created a special committee to review the topic of intangible assets. This committee was charged with reviewing the various methods utilized to identify and allocate intangible value. In addition to researching the abundance of articles, papers, texts, and court cases related to the topic, the committee also surveyed market participants to evaluate how they treat intangible assets. This plenary presentation will present the results of the committee’s work and review the various approaches to identify and allocate intangibles, and make recommendations that are specific to property tax assessments.
Presentation Category
Keynote
Audience Expertise
General Interest (Appropriate for all experience levels.)
Start Date
8-31-2016 8:00 AM
End Date
8-31-2016 9:30 AM
Identifying & Allocating Intangible Assets for Property Appraiser’s Office
This plenary presentation will discuss the various approaches to identifying and allocating intangible value and make recommendations that are specific to property tax assessments. Because so many industries are concerned with intangible value, an abundance of methods to identify and value these assets have appeared over the years. Business appraisers, accountants, financial executives, lenders and appraisers all have reasons for allocating intangible assets and the techniques they use may be appropriate for their purposes, but not for others. In 2015, the IAAO created a special committee to review the topic of intangible assets. This committee was charged with reviewing the various methods utilized to identify and allocate intangible value. In addition to researching the abundance of articles, papers, texts, and court cases related to the topic, the committee also surveyed market participants to evaluate how they treat intangible assets. This plenary presentation will present the results of the committee’s work and review the various approaches to identify and allocate intangibles, and make recommendations that are specific to property tax assessments.
