Friday, August 2, 2013

HOW TO APPRAISE AGRICULTURAL AND INDUSTRIAL MACHINERY, OFFICE FURNITURE, MANUFACTURING AND RESTAURANT EQUIPMENT AND OTHER TANGIBLE PERSONAL PROPERTY - OBTAINING FAIR MARKET VALUE FOR BANK FINANCING, ESTATES, BUY/SELL, INSURANCE, PARTNERSHIP DISSOLUTION, BANKRUPTCY, DIVORCE AND DONATIONS FOR IRS TAX CREDITS

HOW TO APPRAISE TANGIBLE PERSONAL PROPERTY

FORT PIERCE, Florida - Using comparables to establish fair market value is the preferred approach when it comes to real estate appraisals but appraisal methods for tangible personal property and commercial equipment differ. Although there are many sources of information available, physical conditions vary, differing degrees of import are given to provenance, rarity, depreciation due to age and condition, improvements and modifications, the economic outlook of the particular market and other special circumstances. An appraiser's judgment is important, as is the assignment as to whether replacement cost or liquidation value is to be used.

IRS Publication 04.048.003 provides an outline for appraisals of tangible personal property. Personal property includes but is not limited to paintings, watercolors, prints, drawings, sculpture, ceramics, furniture, decorative arts, antiques, textiles, carpets, silver, rare manuscripts, historical memorabilia, antiquities, ethnographic art, collectibles, gems and jewelry, machinery, equipment and other items. IRS guidelines for valuation of assets pretty much apply to personal property appraisals done for other purposes. The ultimate goal is to arrive at a specific value that is both fair and equitable.


APPRAISERS IN ALL 50 STATES
 

The St. Lucie Appraisal Company handles appraisals of tangible personal property for bank financing, estate dissolutions, purchase and sale, insurance, divorce, charitable donations, bankruptcies and other insolvencies. Whether a physical inspection is done or sufficient documentation is provided, our professional personal property appraisals are compliant and accepted by business owners, collectors, banks, insurers and in all legal proceedings.


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net   
Web Site: http://stlucieappraisal.net/
 
Our service area includes the following states and area codes:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia and Wisconsin.

201, 202, 203, 204, 205, 206, 207, 208, 209, 210, 212, 213, 214, 215, 216, 217, 218, 219, 224, 225, 226, 228, 229, 231, 234, 239, 240, 242, 246, 248, 249, 250, 251, 252, 253, 254, 256, 260, 262, 264, 267, 268, 269, 270, 276, 281, 284, 289, 301, 302, 303, 304, 305, 306, 307, 308, 309, 310, 312, 313, 314, 315, 316, 317, 318, 319, 320, 321, 323, 325, 330, 331, 334, 336, 337, 339, 340, 343, 345, 347, 351, 352, 360, 361, 385, 386, 401, 402, 403, 404, 405, 406, 407, 408, 409, 410, 412, 413, 414, 415, 416, 417, 418, 419, 423, 424, 425, 430, 432, 434, 435, 438, 440, 441, 442, 443, 450, 458, 469, 470, 473, 475, 478, 479, 480, 484, 501, 502, 503, 504, 505, 506, 507, 508, 509, 510, 512, 513, 514, 515, 516, 517, 518, 519, 520, 530, 531, 534, 539, 540, 541, 551, 559, 561, 562, 563, 567, 570, 571, 573, 574, 575, 579, 580, 581, 585, 586, 587, 601, 602, 603, 604, 605, 606, 607, 608, 609, 610, 612, 613, 614, 615, 616, 617, 618, 619, 620, 623, 626, 630, 631, 636, 641, 646, 647, 649, 650, 651, 657, 660, 661, 662, 664, 667, 670, 671, 678, 681, 682, 684, 701, 702, 703, 704, 705, 706, 707, 708, 709, 712, 713, 714, 715, 716, 717, 718, 719, 720, 721, 724, 727, 731, 732, 734, 740, 747, 754, 757, 758, 760, 762, 763, 765, 767, 769, 770, 772, 773, 774, 775, 778, 779, 780, 781, 784, 785, 786, 787,800, 801, 802, 803, 804, 805, 806, 807, 808, 809, 810, 812, 813, 814, 815, 816, 817, 818, 819, 828, 829, 830, 831, 832, 843, 845, 847, 848, 849, 850, 855, 856, 857, 858, 859, 860, 862, 863, 864, 865, 866, 867, 868, 869, 870, 872, 876, 877, 878, 888, 900, 901, 902, 903, 904, 905, 906, 907, 908, 909, 910, 911, 912, 913, 914, 915, 916, 917, 918, 919, 920, 925, 928, 929, 931, 936, 937, 938, 939, 940, 941, 947, 949, 951, 952, 954, 956, 970, 971, 972, 973, 978, 979, 980, 984, 985
Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00 and up

Auto/Truck/RV Condition Reports $225.00 and Up

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques, Equipment) $225.00 and Up

All other services and additional time when necessary  $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

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