Presentation Title

Personal Property: Valuation, Validation, and Original Cost

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

Appendium Knowledge Area

Appraising Property

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Sep 9th, 2:45 PM Sep 9th, 3:45 PM

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