2009
Valuation Schedules
Class
4– Short Life Expensed Personal Property
Class 4 Property Include:
| Short
Life Property as defined in Class 1 |
| Short
Life Trade Fixtures as defined in Class 3 |
|
Computer Hardware as defined in Class 12 |
The
following schedule to be used for valuing Class 4 property in the
2009 assessment year:
| Year
of Acquisition |
Percent
Good of Acquisition Cost |
| 2008 |
69%
|
| 2007 |
52%
|
| 2006 |
30% |
| 2005 |
17% |
| 2004 |
11%
|
Class 4, Short Life Expensed Personal Property, is defined
as:
An
item of personal property having an acquisition cost of $1,000 or
less.
See
definition of an item of personal property in Section I.
Class 4 User Requirements:
- Taxpayer
may elect to designate property included in the the three classes
listed above as expensed personal property.
- Once the
election under this class is made, it may not be revoked.
- Property
designated as expensed shall not be deleted from the personal
property decleration even if sold or disposed of until the final
year of the Class 4 Schedule has expired.
- Class 4
expensed personal property values may not be appealed.
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