Brief Session Description
This presentation will discuss issues in the area of personal property valuation, as well as best practices for implementation of a fair and equitable valuation process. Specifically included are the basic steps in valuing and validating personal property information; current important issues for personal property appraisers, such as whether software is, or should be taxable personal property; how to define non-taxable or intangible property; whether engineering costs form a part of reportable original costs; whether discounts to the purchaser and trade level may be factors; and clarification of the terms “historic cost” and “original cost
Presentation Category
Personal Property
Audience Expertise
General Interest (Appropriate for all experience levels.)
Location
225
Start Date
9-9-2019 2:45 PM
End Date
9-9-2019 3:45 PM
Moderator Name
Debra Asbury
Apendium Knowledge Area
Appraising Property
Personal Property: Valuation, Validation, and Original Cost
225
This presentation will discuss issues in the area of personal property valuation, as well as best practices for implementation of a fair and equitable valuation process. Specifically included are the basic steps in valuing and validating personal property information; current important issues for personal property appraisers, such as whether software is, or should be taxable personal property; how to define non-taxable or intangible property; whether engineering costs form a part of reportable original costs; whether discounts to the purchaser and trade level may be factors; and clarification of the terms “historic cost” and “original cost
