Personal Property Valuation Guidelines

102 Pages·2017·0.29 MB·English

A m u s e m e n t D e v i c e s V i d e o R e n t a l S t o r e s
Apartment Veterinary Bakery Vending Machines Barber and
Personal Property
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
Valuation Guidelines
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
8102
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
Equipment Clothing Store Radio and TV Service Concession
Equipment Phone Amusement Devices Video Rental Stores
Apartment Veterinary Bakery Vending Machines Barber and
Beauty Shop Service Garages Bowling Center Restaurant
150-303-441 (Rev. 12-17)
eP lanosr poerP r t y
noit aula V Gediu enil s
2018
Compiled by Property Tax Division
Support/Assistance/Oversight Section
Oregon Department of Revenue
Salem, Oregon
vaH e euq ?snoits eN e d eh ?pl
poerP r t y xat
Email ............................p
150-303-441 (Rev. 12-17)
Table of contents
ega P ebmun r
Introduction ...................................................................................................................iii
I. Personal property assessment ..................................................................................... 1
A. Taxable personal property ........................................................................................ 3
B. Reporting ..................................................................................................................... 3
C. Trade level concept .................................................................................................... 3
D. Valuation . 4
E. Tables ........................................................................................................................... 7
Table 1—Index to age/life tables........................................................................ 7
Table 2—Personal property valuation factors .................................................. 8
Table 3— Molds, jigs, and dies valuation factors ............................................ 12
Table 4—High-tech medical valuation ............................................................ 13
II. Valuation guidelines for typical businesses and equipment ............................. 15
(alphabetical order)
Amusement .................................................................................................................... 16
Apartment ...................................................................................................................... 18
Bakery ............................................................................................................................. 22
Barber shop .................................................................................................................... 26
Beauty shop .................................................................................................................... 27
Bowling center ............................................................................................................... 29
Clothing store—retail store .......................................................................................... 31
Concession equipment ................................................................................................. 49
Copy machines .............................................................................................................. 35
Data processing, main frames, and personal computers ......................................... 35
Dental .............................................................................................................................. 36
Grocery store .................................................................................................................. 38
Hotel ............................................................................................................................... 18
Meat and deli shops ...................................................................................................... 43
Medical ............................................................................................................................ 47
Motel ............................................................................................................................... 18
Movie theater equipment ............................................................................................. 49
Office ............................................................................................................................... 50
Optical ............................................................................................................................. 53
Phone equipment .......................................................................................................... 55
Radio and TV service .................................................................................................... 56
Restaurant equipment .................................................................................................. 59
Service garage ................................................................................................................ 67
Vending machines ......................................................................................................... 70
Veterinary ....................................................................................................................... 71
Video equipment rental ................................................................................................ 73
III. Valuation guidelines for law libraries .................................................................... 75
IV. Index .............................................................................................................................. 87
150-303-441 (Rev. 12-17) i
150-303-441 (Rev. 12-17) i
Introduction
The purpose of this publication is to:
• Provide county assessors, county and state appraisers, tax collectors, county boards
of property tax appeals, and taxpayers with guidelines to value personal property of
typical businesses; and
• Promote uniformity in the assessment of personal property according to Oregon’s ad
valorem tax laws [ORS 306.120(1)].
Table 1 on page 7 includes a list of typical personal property used in various businesses.
This table can be used as a reference to assist the reader in finding the appropriate
valuation factors found on Tables 2 and 3. Following the tables are detailed descriptions of
taxable personal property found in certain businesses. These pages include the typical cost
new and age/life of the item.
A special section on law libraries is located at the back.
The “typical cost new” figures are guidelines only and don't exclude the use of other
schedules or valuation information when conditions warrant, provided the assessor or
taxpayer has substantiating market data and documentation. The specific equipment items
are not inclusive, but rather are only those items commonly found or used in the different
types of businesses listed.
For questions concerning use of the guidelines, please contact:
Personal Property Analyst
Oregon Department of Revenue
Property Tax Division
955 Center Street NE
Salem OR 97301-2555
Email: p
150-303-441 (Rev. 12-17) vi
I. Personal property assessment
150-303-441 (Rev. 12-17) 1
150-303-441 (Rev. 12-17) 2