Volume 5: Personal Property
Personal Property Manual
ARL, Volume 5, deals with personal property assessment. This manual provides a reference source for assessment and administrative policies and procedures for the valuation and administration of personal property.
Chapter 1 Applicable Property Tax Laws
- Legal Basis
- Assessor Responsibilities
- Taxpayer Responsibilities
- Personal Property Tax Reimbursements
- Addendum 1-A, Personal Property Assessment Calendar
Chapter 2 Discovery, Listing, and Classification
Chapter 3 Valuation Procedures
- Data Collection and Analysis
- Highest and Best Use
- Application of the Approaches
- Best Information Available Valuation
- Valuation Information for Taxpayer Review
- Compliance Requirements
Chapter 4 Personal Property Tables
- Industry Category and Cost Factor Tables
- Economic Life Estimates
- General Percent Good Tables
- Level of Value Factors
- Addendum 4-A, Industry Category Table
- Addendum 4-B, Cost Factor Tables
- Addendum 4-C, Economic Life Estimates
- Addendum 4-D, General Percent Good Tables
- Addendum 4-E, Level of Value Factors
- Addendum 4-F, Consolidated Example
Chapter 5 Personal Property Reviews
- Purpose of Analysis
- Equal Taxpayer Treatment
- Benefits of Review
- Types of Review
- Addendum 5-A, Audit Standards
- Addendum 5-B, Sample Letters
Chapter 6 Oil and Gas Equipment Valuation
- Introduction and Legal Basis
- Approaches to Value
- Market Approach Valuation Procedures
- Basic Equipment Lists and Valuation Grids
- History of the Basic Equipment Lists
- Market Value of Additional Installed Equipment
- Market Value of Stored Equipment
- Addendum 6-A, County/Basin Cross Reference
- Addendum 6-B, Equipment Valuation Worksheet
- Addendum 6-C, 2025 Additional Installed Equipment List
- Addendum 6-D, 2025 Stored Equipment List
- Addendum 6-E, 2025 Communal Equipment List
- Addendum 6-F, Examples of Well Equipment Appraisals
- Basic Equipment Lists (BELs)