2008
Valuation Schedules
Class
23 – Aircraft Not Listed in the Aircraft Bluebook Price Digest
Examples of
Class 23 Property Include:
| Kit
Built Aircraft |
Hot
Air Balloons |
| Gliders |
Experimental Aircraft |
| Any
Other Non-listed Aircraft Requiring FAA Registration |
The
following schedule is recommended for valuing Class 23 property
in the 2008 assessment year:
|
Year of Acquisition |
Percent Good of Acquisition Cost |
| 2007 |
75% |
| 2006 |
71% |
| 2005 |
67% |
| 2004 |
63% |
| 2003 |
59% |
| 2002 |
55% |
| 2001 |
51% |
| 2000 |
47% |
| 1999 |
43% |
| 1998 |
39% |
| 1997 |
35% |
| 1996 and
prior |
31% |
The taxable value is
calculated by multiplying the acquisition year percent good factor
by the acquisition cost of the aircraft. The Uniform Fee is .4%
(.004) of the taxable value for aircraft as defined in Section 59-2-404
(1)(b) of the Utah Code. Aircraft defined as "aerial applicators"
by UCA 59-2-102(1) are taxed at .2% (.002) of the taxable value
per 59-2-404(a).
Aircraft with situs
in Utah must maintain a current certificate of registration as required
by Section 72-10-109 of the Utah Code. Registration and taxes are
administered by the county in which the aircraft is based.
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