2009
Valuation Schedules
Class
17 – Vessels 31 Feet and over in length
Examples of
Class 17 Property Include:
The
following schedule is recommended for valuing Class 17 property
in the 2009 assessment year:
|
Year of Acquisition |
Percent Good of Cost New |
| 2009* |
90% |
| 2008 |
64% |
| 2007 |
62% |
| 2006 |
60% |
| 2005 |
58% |
| 2004 |
56% |
| 2003 |
54% |
| 2002 |
52% |
| 2001 |
50% |
| 2000 |
48% |
| 1999 |
45% |
| 1998 |
43% |
| 1997 |
41% |
| 1996 |
39% |
| 1995 |
37% |
| 1994 |
35% |
| 1993 |
33% |
| 1992 |
31% |
| 1991 |
29% |
| 1990 |
27% |
| 1989 |
25% |
| 1988 and
prior |
23% |
Taxable value
for Class 17, Boats, is calculated multiplying the model year percent
good factor by the cost new.
The following
methods are used to determine cost new of Class 17 (Boats):
- documenting
the manufacturer's suggested retail price listed in the ABOS Marine
Blue Book/web site, or
- for boats
not listed in the ABOS Marine Blue Book but listed in the N.A.D.A.
Marine Appraisal Guide, divide the NADA average value by the percent
good factor, or
- for boats
not listed in the ABOS Marine Blue Book or in the N.A.D.A. Marine
Appraisal Guide, documenting the actual cost of the boat; or
- for boats
not listed in the ABOS Marine blue Book or in the N.A.D.A. Marine
Appraisal Guide, and for which no documented acquisition cost
is available:
- the
manufacturer's suggested retail price for a comparable boat;
or
- the
cost new established for that boat by a documented valuation
source.
The
2009 Uniform Fee for Class 17 is 1.5% of taxable value.
*The
2009 percent good applies to 2009 models purchased in 2008. Vessels
31 feet and over have a residual value of $1000.
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