2008
Valuation Schedules
Class
16 – Long Life Property
Examples of
Class 16 Property Include:
| Billboards |
Oil and
Gas Gathering Systems |
| Buried
Cable |
Sign Towers |
| Broadcast &
Cell Towers |
Ski Lift
& Tram Towers |
| Grain
Elevators, Non-farm |
Truck
Scales |
| Shipping
and Storage Containers |
Bulk Storage
Tank, Underground and Surface |
| Pipelines |
|
The
following schedule is recommended for valuing Class 16 property
in the 2008 assessment year:
|
Year of Acquisition |
Percent Good of Acquisition Cost |
| 2007 |
98% |
| 2006 |
96% |
| 2005 |
95% |
| 2004 |
94% |
| 2003 |
92% |
| 2002 |
89% |
| 2001 |
83% |
| 2000 |
78% |
| 1999 |
72% |
| 1998 |
65% |
| 1997 |
60% |
| 1996 |
54% |
| 1995 |
48% |
| 1994 |
43% |
| 1993 |
37% |
| 1992 |
30% |
| 1991 |
22% |
| 1990 |
15% |
| 1989 and
prior |
8% |
Class 16,
Long Life Property is Defined as:
Property having
a long physical life, subject to little obsolescence.
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