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Business Assessment Factors

Business Assessment Factors

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BUSINESS ASSESSMENT FACTORS JANUARY 2011 CAA Position Paper 11-001 (USE FOR LIEN DATE JANUARY 1, 2011

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Based on written material and oral responses. the commercial equipment index factors and the industrial equipment index factors in Tables 1 and 2 have been averaged into a single category of factors for each table. county certified appraisers researched the issue of whether use of the index factors in Tables 1. and valuation factors for use by all California Assessors’ in mass appraisal programs designed to derive the market value of California business property within a band of value that meets California property assessment appraisal standards. 2. Statewide equalization and assessment uniformity is enhanced through use of the consolidated factor tables. typically results in the equivalent of replacement cost new.FOREWORD This document recommends several tables of equipment index. . and 3 results in an estimate of replacement cost new or reproduction cost new. Prior to approval of this document for 2002. staff reaffirmed the conclusion drawn in prior years that use of index factors in this publication. S. If property is accurately reported on the California Business Property Statement for 2011 then application of the factors in this document will produce market value as of lien date 2011. Use of a single category of factors for each type of equipment will provide replacement cost estimates within a reasonable band of value for assessment of business property. Bureau of Labor Statistics) while investigating this issue. percent good. As first initiated by the California Assessors’ Association in 2001. when applied to a property’s original cost. Assessor staff contacted representatives from the publications used to derive the index factors (Marshall and Swift Publication Company and the U.

For industrial machinery and equipment. In 2004 the Board of Equalization (BOE) switched to the same single index methodology recommended by the CAA. Table 2 is a replication of Table 2 found in the 2011 version of AH581. For Agricultural and Construction equipment use Table 3 found at the conclusion of Section 1 of this publication. The recommended rounding convention when applying the 125% calculation for the index factor is as follows: round down if the remainder is less than . use Table 2 found at the conclusion of Section I of this publication. (Example: 6 year life x 125% = 7. Maximum Recommended Equipment Index Factor Use a maximum equipment index factor when valuing equipment. no additional adjustment is necessary.” found in the January 2011 Assessors’ Handbook Section 581. Marshall Valuation Services. Effects of Technological Progress If technological progress has occurred since the acquisition date of a piece of equipment the cost of producing a functionally superior piece of equipment may now be higher or lower. The recommended maximum factor is the factor for an age equal to 125 percent of the estimated economic life.5 or greater Here are two examples: 6 year life: 6 year life x 125% = 7.JANUARY 2011 Section I: Use of Equipment Index Factors For Commercial equipment. The BOE AH581 commercial factors are derived using data published by the Marshall and Swift Publishing Company. In 2004 the BOE switched to the same single index methodology recommended by the CAA. the impact of technological progress is excluded from the Table 1 and Table 2 index tables based on methodology used to remove price changes associated with “quality” enhancements. Since “quality” enhancement costs have already been identified and adjusted out of the tables.5 years).5 years (you would use the maximum index factor associated with 8 years of age) CAA BUSINESS FACTORS Page 3 of 17 . Clarification is needed when application of the 125% rule does not produce a round number. Table 2 is an average of Producer Price Indexes that are published by the Bureau of Labor Statistics. The table is an average of eleven separate commercial equipment indexes. However.5 and round up for . use Table 1 found at the conclusion of Section I of this publication. Table 1 is a replication of Table 1 found in the 2011 version of AH581. Table 3 is a replication of “Table 3: Agricultural and Construction Equipment Index Factors.

and 3 start on the next page.JANUARY 2011 17 year life: 17 year life x 125% = 21. then that recommendation takes precedence. 2. CAA BUSINESS FACTORS Page 4 of 17 . Do not apply any indexing to those categories of property). Tables 1. “untrended”. (As an example.25 years (you would use the maximum index factor associated with 21 years of age) Exceptions to use of “Equipment Index Factors”: If the “Remarks” Section of the Economic Life and Minimum Percent Good Table found in Section IV of this document contains an indexing recommendation. some categories of property include the remarks.

January 2011 Section 1: Equipment Index Factors Table 1: Commercial Equipment Year 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 CAA BUSINESS FACTORS Average 100 100 103 106 111 116 124 128 130 130 131 134 134 135 137 139 144 148 152 154 157 161 169 176 179 181 184 190 194 202 222 242 264 284 298 317 349 401 416 429 Page 5 of 17 .

January 2011 Section 1: Equipment Index Factors Table 2: Industrial Equipment Year 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 CAA BUSINESS FACTORS Average 100 100 101 106 108 111 115 119 120 120 120 121 122 124 126 128 132 135 137 139 143 148 155 161 164 166 170 174 178 187 206 230 254 276 296 314 365 430 448 460 Page 6 of 17 .

January 2011 Section 1: Equipment Index Factors Table 3: Agricultural and Construction Equipment Index Factors Year 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 CAA BUSINESS FACTORS Agricultural 100 102 105 110 113 116 122 126 128 130 132 133 135 136 138 142 148 152 157 161 167 172 180 185 186 187 188 194 203 219 244 272 296 319 345 375 439 501 517 537 Construction 100 100 103 106 109 113 120 125 126 128 128 130 131 134 137 140 143 145 148 152 157 163 171 175 179 181 184 187 191 205 227 256 282 307 330 355 431 502 522 539 Page 7 of 17 .

calculate the replacement cost new (RCN) for the property by applying the appropriate index factor from Table 1 and considering the maximum recommended index factor using the 125% rule. Since 9% is less than the minimum percent good recommended for commercial property.” Marshall Valuation Services publishes suggested salvage value in terms of percent good for a variety of commercial and industrial equipment and fixtures by industry. Minimum Recommended Equipment Percent Good Factor Use a minimum equipment percent good factor when valuing the property categories identified in Section IV of this document unless Section IV remarks indicate otherwise. To use Table 4. First. discusses minimum value and defines salvage value as “the value of a property at the end of its economic life in its present use. ten (10) percent for commercial property. do not use the 9% factor. The average minimum percent good of the twenty-one commercial industries listed is 10 percent. When valuing Agricultural Mobile Equipment. When valuing Construction Mobile Equipment. you now apply a percent good factor from Table 4. The minimum percent good factor is applied after you determine replacement cost new (RCN).JANUARY 2011 Section II: Use of Equipment Percent Good Factors Use the “Table 4: Machinery and Equipment Percent Good Factors” found in the January 2011 Assessors’ Handbook Section 581. Here is an example for applying the minimum percent good factor: Property is identified as “commercial” with a 10-year average service life. the estimated market value for an entire property or for a part of a property that is removed from the premises for use elsewhere. apply the economic life recommendations found in Section IV of this document. Table 4 is replicated in this document. The factor for 13-year old equipment that belongs in a 10-year average service life category is 9%. Assessors’ Handbook Section 501. use the appropriate “New” or “Used” percent good factors found in Table 6 of the January 2011 AH581. Use the minimum percent good factor for commercial equipment. These “New” and “Used” factors may not be averaged unless the taxpayer does not indicate if the property was acquired new or used. After calculating RCN. use the appropriate “New” or “Used” percent good factors found in Table 5 of the January 2011 AH581. See the additional narrative in this section to determine if a minimum percent good factor needs to be applied. and eleven (11) percent for fixed agricultural property when applying the Table 4 percent good factors for lien date 2011. CAA BUSINESS FACTORS Page 8 of 17 . Application of a minimum percent good factor is necessary because the market place recognizes that property in the late stages of its economic life still maintains a minimum fair market value. The property is 13 years old on lien date. Basic Appraisal. The average minimum of the twenty-seven industrial industries listed is 9 percent. Based on minimum percent good market data it is recommended that you use a minimum percent good factor of nine (9) percent for industrial property. which is 10%.

Average Service Life 6.75% Rate of Return Year Acq'd AGE 3 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 67 38 17 6 4 76 52 32 17 8 3 5 81 62 45 29 18 10 5 1 6 85 69 54 40 28 18 11 7 3 7 87 74 61 49 37 27 19 13 8 4 1 8 89 78 67 56 45 35 26 19 14 10 6 3 9 91 81 71 61 52 42 34 26 20 15 11 8 5 2 Year 10 11 12 13 14 15 17 18 20 22 25 30 35 40 AGE Acq'd 92 83 75 66 57 49 41 33 26 20 16 12 9 6 4 1 93 85 78 70 62 54 46 39 32 26 21 16 13 10 7 5 2 94 87 80 73 66 59 52 45 38 32 26 22 17 14 11 9 6 4 1 94 88 82 76 69 63 56 50 44 37 32 27 22 18 15 12 9 7 5 2 95 89 84 78 72 66 60 54 48 43 37 32 27 23 19 16 13 10 8 6 4 2 95 90 85 80 75 69 64 58 53 47 42 37 32 27 23 19 16 14 11 10 8 5 3 1 96 92 88 83 79 74 70 65 60 55 50 45 41 36 32 28 24 21 18 15 13 11 10 8 6 3 1 96 93 89 85 81 76 72 68 63 59 54 49 45 40 36 32 28 25 22 19 16 14 12 10 8 6 5 2 1 97 94 91 87 84 80 76 72 69 65 61 57 52 48 44 40 37 33 29 26 23 21 18 16 14 13 11 9 7 5 3 2 97 95 92 89 86 83 80 76 73 70 66 62 59 55 51 48 44 40 37 33 30 28 24 22 19 18 15 14 12 11 8 7 5 3 2 98 96 94 91 89 86 84 81 78 75 73 70 66 63 60 57 54 51 47 44 41 38 35 32 29 27 24 22 20 18 17 15 14 12 10 9 7 5 3 2 99 97 95 94 92 90 89 87 85 83 80 78 76 74 71 69 66 64 61 58 56 53 50 48 45 42 40 37 34 32 30 28 26 24 22 21 19 17 16 15 99 98 97 96 94 93 92 90 89 87 86 84 82 81 79 77 75 73 71 69 67 65 62 60 58 56 53 51 49 46 44 42 40 38 35 33 31 29 27 26 99 98 98 97 96 95 94 93 92 91 89 88 87 86 84 83 81 80 78 77 75 73 72 70 68 66 64 63 60 59 56 54 52 50 48 46 44 42 40 38 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 CAA BUSINESS FACTORS Page 9 of 17 .January 2011 Table 4: Machinery and Equipment Percent Good Factors Individual Properties .

use “Table 11: Offset Lithographic Printing Presses Valuation Factors” found in the January 2011 Assessors’ Handbook Section 581. compare the factored base year value of the billboard to the fair market value as established by the current Caltrans schedule and enroll the lower value. The table is intended for use when valuing property reported on Schedule A of the California Business Property Statement. use “Table 10: Document Processor Valuation Factors” found in the January 2011 Assessors’ Handbook Section 581. Each year thereafter. CAA BUSINESS FACTORS Page 10 of 17 . establish the base year value using the current Caltrans schedule. use “Table 9: Biopharmaceutical Industry Equipment & Fixtures Valuation Factors” found in the January 2011 Assessors’ Handbook Section 581. Questions regarding billboard assessments should be addressed to the Business Property Subcommittee members who will direct your question to the Billboard Committee. The Caltrans Payment Schedule for Poster Panel Removal is available at the Caltrans website www. use the following methodology based on the analysis and recommendation of the CAA Billboard Committee: When billboards change ownership or are newly constructed. For those billboards for which a base year has been previously established. the ability to correct base year values is statutorily limited pursuant to Revenue and Taxation Code 51.dot. When valuing billboards in 2011.gov/hq/oda. Caltrans current values have been more than the factored base year value.ca. use the “Table 8: Semiconductor Manufacturing Equipment Valuation Factors” found in the January 2011 Assessors’ Handbook Section 581. When valuing Offset Lithographic Printing Presses. When valuing “Document Processors” (copiers).5. When valuing semiconductor manufacturing equipment (excluding fixtures). Historically. Section IV: Economic Life and Percent Good Use the recommended “life” and “minimum percent good” factors from the table contained in this section. The Section IV TABLE starts immediately following the “Section V: Technical Clarifications” narrative. When valuing “Biopharmaceutical Industry” equipment and fixtures.JANUARY 2011 Section III: Use of Valuation Factors When valuing computers use the “Table 7: Non-Production Computer Valuation Factors” found in the January 2011 Assessors’ Handbook Section 581.

software intensive.JANUARY 2011 Section V: Technical Clarifications High Technology Medical Equipment – The following definition of high tech medical equipment has been adopted by the CAA for use with the Business Factors. can reasonably be expected to become obsolete before the expiration of its physical useful life. tangible personal property which experiences rapid technological advances and is used for screening. monitoring. “High Technology Medical Equipment” includes equipment. Each type or category of equipment should be evaluated to determine its status as high tech medical equipment. which because of the level of computer and applied technology content. Computerized. Cardiac telemetry equipm ent Diagnostic ultrasound scanners Cli ni c al che m i s t ry a n a l yze r s Image analyzers Various monitoring systems CAA BUSINESS FACTORS Page 11 of 17 . analyzing and interpreting data for the diagnosis and/or treatment of human patients in a medical or hospital environment. The following categories are generic and could contain either non-high tech or high tech medical equipment. Connection of equipment to a computer does not in and of itself constitute high technological medical equipment. therefore the entire category should not be considered high tech. Examples of High Technology Medical Equipment: Single-photon emission computed tomograph equipment (SPECT) Intensity modulated radiation therapy (IMRT) Automated three dimensional conformal radiation therapy (3D-CRT) Computed axial tomography equipment (CAT) Magnetic resonance equipment (MRI) Positron emission tomography scanners (PET) Digital radiographic systems Digital fluoroscopic systems Computer controlled surgical equipment Diaphanography equipment The life of this high-tech medical equipment is an eight year untrended life.

10 15 8 12 12 10 10 15 15 15 15 10 8 40 20 12 20 12 See Remarks % Good (See Explanation in Section II) Remarks Manufacturing machinery Use Table 3 for Index Use Table 6 as published in AH-581 and Table 3 for Index Methodology set by CAA Aircraft Subcommittee Includes miniature Race Car.Small Bakeries .Commercial Amusement (Miniature Golf etc.Large Bank Fixtures (Composite) Banks (Category 1. Counter Lines. Signs.) Banks (Category 3.L.) Barber Shop Batch Plants (Concrete & Asphalt) Beauty Salon Billboards Life (In Years) 12 15 16 or 20 .) Banks (Category 2. Cameras.Section IV California Assessors' Association Economic Life and Minimum Percent Good Table January 2011 Category Aerospace Industry (Airframe) Agriculture / Farm Agriculture / Mobile Airlines . Carpets. etc. Drive Up Windows.) Amusement (Theme Parks) Apartment Equipment/Furniture Apparel Mfg.) Banks (Category 6. Los Angeles Study If no property detail is provided Category description is from BOE-571 alternate schedule A Category description is from BOE-571 alternate schedule A Category description is from BOE-571 alternate schedule A Category description is from BOE-571 alternate schedule A Category description is from BOE-571 alternate schedule A Use Caltrans schedule as described in Section III CAA BUSINESS FACTORS Page 12 of 17 . Drapes) Banks (Category 5. etc.Service Bakeries . Vault Doors. Night Dep. Batting Practice Cages Disneyland' type parks Table 4 and apply minimum percent good Table 4 and apply minimum percent good See Remarks Table 6 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Los Angeles Study ATM units only with no peripherals.S. ATM (Composite) ATM (Only) Automotive Repair . etc.

(Other than Breweries) Bowling Alleys Breweries Brick.Personal Computers Construction . Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Use AH581 Table 7: Computer Valuation Factors Use AH581 Table 7: Computer Valuation Factors Use AH581 Table 5 Table 4 and apply minimum percent good Use AH581 Table 3 Index Life revised in 2008 from 20 to 30 years Except Refineries CAA BUSINESS FACTORS Page 13 of 17 . Terra Cotta & Tile Manufacturing Cable Equipment Canneries Car Wash Cargo Containers Cell Phone Tower Cement Manufacturing Chemicals and Allied Products Mfg Circuit Board Mfg Cocktail Lounges (Bars & Saloons) Cogeneration (power plants) Computers .Manufacturing Equipment Biotech-Specialized Blue Printing / Map Making Book Binders Bottling Plants .Section IV California Assessors' Association Economic Life and Minimum Percent Good Table Janua ry 2011 1 Category Billiard Rooms Biotech .Mobile Construction / Demolition Contractor Life (In Years) 15 See Remarks See Remarks 12 15 15 15 15 17 17 12 20 25 30 15 8 12 20 See Remarks See Remarks See Remarks 12 % Good (See Explanation in Section II) Table 4 and apply minimum percent good Use AH-581 Table 9 Use AH-581 Table 9 Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Remarks No recommendation at this time due to appeals and litigation.LAN Equipment Computers . Sewer Pipe.

Fab Metal Products Mfg.Supermarkets Health Clubs (athletic clubs) Hospitals Hotels & Motels (Furnishings) Life (In Years) 15 15 12 12 See Remarks 12 15 10 15 6 15 10 15 20 15 15 8 6 12 12 10 12 8 % Good (See Explanation in Section II) Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Use the AH-581 Table 10 Document Processor Valuation Factors Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Excludes Gasoline Service Property Except for gas cylinders UNTRENDED Remarks Use the AH-581 Table 3 Agricultural Index Use the AH-581 Table 3 Agricultural Index CAA BUSINESS FACTORS Page 14 of 17 .Section IV California Assessors' Association Economic Life and Minimum Percent Good Table January 2011 Category Cotton Gins Dairies Dental Lab Dentist Document Processor Equipment (Copiers) Drug / Pharmaceutical Mfg Dry Cleaners (Commercial) Electronic Equipment Mfg.Convenience Grocery Stores . Suppliers Facsimile Food Processing Forklifts Furniture Mfg / Wood Working Gas Cylinders (Other than Propane) Gas Distribution .Industrial Glass and Glass Product Mfg Glass Bottle Forming Equipment Golf Carts Grocery Stores .

UPS UNTRENDED.Coin Operated Laundries .High Tech Medical Offices and Clinics Mortuaries Newspaper Publisher Office Furniture & Equipment Pagers (one-way) & Mobile Phones Paper Product Manufacturing Photo Labs .Commercial Photo Labs . 1996 Composite includes Computer Numeric Control (CNC) property eg. for definition Remarks CAA BUSINESS FACTORS Page 15 of 17 .Large Medical Equipment .One Hour Plastics Manufacturing Point-of-Sale Postage Meters Print Shop Printing Presses (Offset) Propane Tanks Radio / TV Broadcast Studios 30 Life (In Years) 15 8 10 10 15 12 15 8 12 15 15 12 4 15 10 8 15 8 10 12 % Good (See Explanation in Section II) Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good Table 4 and apply minimum percent good See Remarks Table 4 and apply minimum percent good No recommendation Use AH-581 Table 11 UNTRENDED UNTRENDED.Commercial Machine Shops Mailing & Shipping Services . See LTA 96/25 Dated April 22. See Section V.Section IV California Assessors' Association Economic Life and Minimum Percent Good Table January 2011 Category Ice Plant Janitorial & Maintenance Services Laboratory Equipment Laundries .

Section IV California Assessors' Association Economic Life and Minimum Percent Good Table Janua ry 2011 Category Recyclers Restaurants . UNTRENDED CAA BUSINESS FACTORS Page 16 of 17 .Fast Food Chains Restaurants .Trash Sugar & Sugar Product Mfg Telephone & Communication Test Equipment Textile Mill Products Manufacturing Theatres Life (In Years) 15 % Good (See Explanation in Section II) Table 4 and apply minimum percent good Remarks 12 Table 4 and apply minimum percent good 12 Table 4 and apply minimum percent good 12 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 6 Table 4 and apply minimum percent good 12 Table 4 and apply minimum percent good 10 Table 4 and apply minimum percent good See Remarks 12 Table 4 and apply minimum percent good 25 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 5 Table 4 and apply minimum percent good 12 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 12 Table 4 and apply minimum percent good 20 Table 4 and apply minimum percent good 10 Table 4 and apply minimum percent good 8 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good Use AH581 Table 8 Except for underground tanks.Regular Retail Store .Others Retail Store-Warehouse Sand / Dirt / Gravel Suppliers Satellite Dishes-Residential Schools Security and Surveillance Equipment Semiconductor Manufacturing Equipment (excludes Fixtures) Service Stations (Excluding Tanks) Service Stations (Underground Tanks) Sheet Metal Mfg Ship and Boat Builders Shopping Carts Signs Ski Lifts Storage Bins .

Agricultural Winery (Except Tanks) Winery Tanks .Stainless Steel Life (In Years) % Good (See Explanation in Section II) 5 Table 4 and apply minimum percent good 8 Table 4 and apply minimum percent good 4 Table 4 and apply minimum percent good UNTRENDED Remarks 15 Table 4 and apply minimum percent good 25 Table 4 and apply minimum percent good 15 Table 4 and apply minimum percent good 40 Table 4 and apply minimum percent good Use Table 3 Agricultural Equipment Index Composite life except for tanks CAA BUSINESS FACTORS Page 17 of 17 .Section IV California Assessors' Association Economic Life and Minimum Percent Good Table January 2011 Category Tools / Tooling Vending Equipment Video Games Warehouse Equipment Wind Machines .

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