2008
Valuation Schedules
Class
3 – Short Life Equipment
Examples of
Class 3 Property Include:
| Alarm
Systems |
Photo
Processing Equip. & Cameras |
| Automotive
Emission Testing Equip. |
Pneumatic
Tube Systems (Banks) |
| Bank
ATM Machines |
"Rent-to-Own"
Merchandise |
| Cash
Registers |
Reservation
Terminals |
| Cameras
& Photo Processing Equip. |
Small
Equipment Rentals |
| Drive-up
Windows (Banks) |
Shopping
Carts |
| Fax
Machines |
Telephone
Equipment & Systems |
| Microwave
Communications Equip. |
Television
Cameras |
| Music,
Stereo and Sound Systems |
Vending
Machines |
| Office
Machines |
Video
Game Machines |
The
following schedule is recommended for valuing Class 3 property in
the 2008 assessment year:
|
Year of Acquisition |
Percent Good of Acquisition Cost |
| 2007 |
86% |
| 2006 |
73% |
| 2005 |
57% |
| 2004 |
41% |
| 2003 and
prior |
21% |
Class 3, Short
Life Equipment, is Defined as:
Electronic
types of equipment to include office machines and equipment or items
subject to rapid functional, economic obsolescence or severe wear
and tear.
Refer to Class
12 for computer and data processing equipment.
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