Valuation of Personal Property and Fixtures
Using Assessors’ Handbook Section 581 (Equipment Index, Percent Good, and Valuation Factors)
Appraisal Training: Self-Paced Online Learning Session

Lesson 4: Valuation Factors


Check Your Knowledge

The exercises below are to be worked by participants to ensure comprehension of information discussed in this lesson.  Additionally, it will help prepare certified property tax appraisers for the final examination that must be taken upon completion of this training session in order to receive appraisal training credit.

Before you start, please print the exercises using the "Print Questions" link below so you can work through the exercises on your own. After you work through the exercises, the solution can be viewed by clicking on the blue plus sign immediately following the question on the right hand side of the page. Additionally, when you have completed all the exercises, you may print all of the solutions using the "Print Questions with Answers" link below.

While all the exercises shown below use lien date 2011 for illustrative purposes, it must be remembered that it is the lien date for which values are sought that determines which AH 581 – and associated factors – will be used.




Exercise 1

What is the market value, as of lien date 2011 (January 1), of 10 DEC 2150 computer servers purchased by a business in 2008, for $100,000?

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Exercise 2

What is the market value, as of lien date 2011 (January 1), of 100 M&M 450 laser printers purchased by a business in 2008, for $50,000?

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Exercise 3

What is the market value, as of lien date 2011 (January 1), of a SuperChip V molecular beam epitaxy system purchased and installed by a semiconductor manufacturer in 2008, for $375,000?

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Exercise 4

What is the market value, as of lien date 2011 (January 1), of a ChipStor 650 sodium hydroxide storage tank purchased and installed by a semiconductor manufacturer in 2002, for $125,000?

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Exercise 5

What is the market value, as of lien date 2011 (January 1), of a Bio Gen 3675 organic synthesizer purchased and installed by a biopharmaceutical company in 2008, for $225,000?

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Exercise 6

What is the market value, as of lien date 2011 (January 1), of a Bio Gen 4 clean room purchased and installed by a biopharmaceutical company in 2000, for $450,000?

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Exercise 7

What is the market value, as of lien date 2011 (January 1), of an Xcopier 6540 color copier purchased and installed by a business in 2009, for $40,000?

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Exercise 8

What is the market value, as of lien date 2011 (January 1), of a Print World 723 4-color sheet feed offset lithographic printing press purchased and installed by a printing business in 2007, for $54,500?

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