2010
Personal Property Valuation Schedules and Registered Vehicle Uniform
Fee Schedules

Click
on the following headings for detailed definitions, examples, and
percent good schedules.
Property
which is fungible in that it is difficult to determine which items
are retired from service by age group. Such property is highly susceptible
to breakage, loss, rapid wear and tear or subject to extreme obsolescence.
Machinery
which cannot operate without the computer and the computer cannot
perform functions outside the machine.
Electronic
types of equipment and office machines subject to rapid functional
or economic obsolescence or items subject to severe wear and tear.
Personal
Property having an acquistion cost of $1000 or less from Class 1,
Class 3 or Class 12 in which the taxpayer elects to declare as expensed.
Non-mechanical
furniture and trade fixtures subject to functional obsolescence
due to style and design changes.
All
registered heavy and medium duty trucks valued in this class are
taxed according to weight category and assessment authority. Heavy
and medium duty trucks registered and assessed by State Tax Commission
Motor Carrier Services will be subject to a statewide property tax
rate which changes annually. Heavy and medium duty trucks assessed
by the county are subject to a Uniform Fee of 1.5% of taxable value.
Light duty trucks (22T), assessed by either the State Tax
Commission Motor Carrier Services or the county are subject to an
age-based uniform fee.
Equipment
with medical and dental application or used in medical and dental
facilities. Medical and dental equipment is subject to a high degree
of functional and economic obsolescence due to the rapid technological
developments experienced by the health services industry.
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 and technologically advanced and more efficient
machinery becomes available.
Subject
to Age Based Fees when registered.
Subject
to Age Based Fees when registered.
Data
processing equipment, main frame computers, LAN systems, personal
computers and peripherals subject to rapid functional and economical
obsolescence.
Mobile
machinery used in the construction, forestry and quarry industries
as well as equipment used in the processing of construction materials;
e.g., cement and asphalt.
Subject
to a Uniform Fee of 1% of taxable value when registered.
Used
exclusively in the production of semiconductor products.
Property
having a long physical life, subject to little obsolescence.
Subject
to a Uniform Fee of 1.5% of taxable value when registered.
Subject
to Age Based Fees when registered.
Subject
to Age Based Fees when registered.
Subject
to Age Based Fees when registered.
Class
19
This
class has been eliminated
Used
in the petroleum and gas exploration and production industry, subject
to significant functional and economic obsolescence due to the volatile
nature of the petroleum industry.
Subject
to a Uniform Fee of 1.5% of taxable value when registered.
Subject
to Age Based Fees when registered.
Subject
to Age Based Fees when registered.
Subject
to Age Based Fees when registered.
Subject
to a $25 Uniform Fee and a Registration Fee of .4% (.004) of average
wholesale value as listed in the Bluebook Price Digest when registered
or registration renewal.
Used
only with leasehold improvements made to exempt property where the
exemption does not apply to those improvements. See Tax Commission
Administrative Rule R884-24P-32.
Applies to equipment
and Fixtures used to manufacture aircraft parts and components.
Subject
to Age Based Fees when registered.
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