Personal Property Valuation
County Appraisal District's use depreciated cost tables by category for assets.
County Appraisal Districts use book cost for inventories.
Value Strategies: - Consider alternate method for assets such as comparable sales
- Careful analysis for classification as real estate or personal property. Heavily installed equipment
- Analyze inventories for value sold to a buyer continuing the business
- Use judicial review provisions for even playing field
Tax Breaks: - Freeport - exempts business inventories based on export percentage
- September 1st - alternate date to value inventory , must make election in the prior year
- Residential not occupied gets inventory reduction