Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
630.0000 PERSONAL PROPERTY
630.0047 Valuation. While the costs necessary to transport equipment to its ultimate location of use must be capitalized, any subsequent or additional transportation costs to return the equipment for repair should not be capitalized. Such costs are beyond that necessary to place the property in service and, thus, should not be included in the value indicator when applying a cost-based valuation methodology. C 6/6/2002.