2009
Valuation Schedules
Class
6 – Heavy and Medium Duty Trucks
Examples of
Class 6 Property Include:
| Heavy
Duty Trucks |
Medium
Duty Trucks |
| Concrete
Pump Trucks |
Crane
Vehicles |
|
Trucks with Well Boring Rigs |
|
The
following schedule is recommended for valuing Class 6 property in
the 2009 assessment year:
|
Year of Acquisition |
Percent Good of Cost New |
| 2009* |
90% |
| 2008 |
84% |
| 2007 |
77% |
| 2006 |
71% |
| 2005 |
65% |
| 2004 |
59% |
| 2003 |
52% |
| 2002 |
46% |
| 2001 |
40% |
| 2000 |
34% |
| 1999 |
27% |
| 1998 |
21% |
| 1997 |
15% |
| 1996 and
prior |
8% |
Taxable Value
for Class 6
Taxable
value is calculated by multiplying the model year percent good factor
by cost new. The following methods are used to determine cost new
Class 6 vehicles (Heavy & Medium Duty Trucks):
- documenting
the actual cost of the vehicle when purchased new.
- determine
the manufacturer's suggested retail price from a recognized publication,
then apply 75% to the M.S.R.P.
- documenting
the actual cost when purchased used and dividing that purchase
price by the percent good factor for the applicable model year.
- for State
assessed vehicles, the value of attached equipment is included.
The
2009 Uniform Fee for Class 6 is 1.5% of taxable value.
*The
2009 model year percent good applies to 2009 models purchased in
2008. Heavy and medium duty trucks have a residual value of $1750.
|
