business personal property valuation

o’connor & associates is the largest independent appraisal firm in the southwestern us and has full-time staff members engaged in valuation and market study assignments. their expertise includes valuing business personal property, commercial and single-family real estate, valuation for property tax assignments, partial interest valuation, estate tax valuation, expert witness testimony and valuation for condemnation. they have performed business personal property assignments for private clients and banks and have been previously employed by appraisal districts for the purpose of valuing business personal property.

business personal property (bpp) can be challenging to value because of the limited quantity of data available and primary reliance upon the sales comparison approach. relatively speaking, a voluminous quantity of data is available when valuing real estate as opposed to valuing business personal property. many real estate appraisals consider three approaches to value: cost approach, sales comparison approach and the income approach. by contrast, most business personal property appraisals depend primarily upon the sales comparison approach and cost approach. while it is possible to develop a reasonable estimate of the market value for business personal property, the values tend to be more subjective than the value of real estate.

in addition to performing an appraisal to estimate the market value of business personal property, other techniques sometimes considered for valuing business personal property are irs depreciation schedules and appraisal district depreciation schedules. these may or may not result in a value conclusion that is similar to market value. however, it is the writer’s experience that they typically produce a value in excess of true market value.

services we offer:

• analyze the taxable value of our clients bpp assets, furniture, inventory/supplies, vehicles, machinery and equipment and computers through proper classification, cost and market valuation.
• prepare and file renditions, freeport applications and other exemption applications.
• file an appeal if we determine the valuation by the county is excessive, and attempt to resolve the valuation dispute through the informal or formal (arb) appeals process.

the deadline to file your bpp renditions in texas is april 15th.

To obtain a quote or further information for a business personal property valuation, fill out our online form.

o'connor commercial property tax division - corporate headquarters

2200 north loop west, suite 200
houston, tx 77018
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