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Home – Personal Property – Valuation Guide – Schedules Updated: October 30, 2007

2008 Valuation Schedules

Class 8 – Machinery & Equipment

Examples of Class 8 Property Include:

Manufacturing & Processing Machinery Machine Shop Equipment
Amusement Rides Meat Packing Equipment
Auto Service & Repair Equipment Smelter Equipment
Bakery Equipment Incinerators
Bottling Equipment Stationary Backup Generators
Distillery Equipment Refrigeration Equipment
CATV Connection / Distribution Overhead Cranes
CATV Head Ends Printing Equipment
Cannery Equipment Packaging Equipment
Conveyors Ski Lift Machinery
Food Preparation Equipment Walk-in Refrigerators & Coolers
Fork Lifts (battery & propane powered) Wood Milling Equipment
Laundry & Dry Cleaning Equipment Wrecking & Demolition Equip.

The following schedule is recommended for valuing Class 8 property in the 2008 assessment year:

Year of Acquisition Percent Good of Acquisition Cost
2007 94%
2006 91%
2005 86%
2004 82%
2003 73%
2002 63%
2001 53%
2000 43%
1999 33%
1998 22%
1997 and prior 11%

Class 8, Machinery & Equipment, is Defined as:

Machinery and equipment used in production or processing industries having an economic life of 12 years or more but subject to functional and economic obsolescence as technologically advanced and more efficient machinery becomes available.


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