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I recommend AppraiseItNow Inc. highly… I would use them again
They diligently researched both equipment items and provided well-documented reports
AppraiseItNow was able to provide me exactly what I needed on a timely basis
DEFENSIBLE, USPAP-COMPLIANT TOOL APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Machinery & Equipment Appraiser
Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.
Vehicle Appraiser
CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
Certified Appraisers Guild of AmericaCertified Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow provides certified appraisals of hand tools, power tools, pneumatic tools, specialty trade tools, and complete tool collections used in commercial, industrial, and professional settings.
Purposes we serve
Tool appraisals are most commonly needed for the following purposes:
What the appraisal weighs
Tool appraisal requires specific knowledge of brand reputation, condition grading, market demand by trade, and the difference between the value of an individual tool and the value of a collection. Tools are a specialized subset of our broader machinery and equipment appraisal services.
How we work
Most tool appraisals are completed remotely using photographs, serial numbers, and detailed inventories. We coordinate an onsite inspection for large commercial tool rooms, specialty machinist collections, or high-value professional tool sets where condition and completeness must be verified in person.
We appraise professional, trade, and industrial tools across the categories that most often come to us, from a single mechanic's set to a complete tool room inventory.
Shop and fabrication
Snap-on, Matco, and Mac Tools collections; micrometers, calipers, and gauges; air tools from body shops, manufacturing, and construction; MIG, TIG, and plasma cutting equipment:
Trades and tool rooms
Table saws, routers, planers, and jointers; specialty testers and gauges; pipe threaders and press tools; commercial grounds equipment; and complete tool room inventories for shops, garages, and industrial facilities:
AppraiseItNow serves individual tradespeople, contractors, and collectors who need a credible tool valuation for insurance, estate, or donation purposes, and the estate attorneys, CPAs, and insurance adjusters who require an independent appraisal report.
Tradespeople and collectors
Contractors, tradespeople, mechanics, machinists, and collectors engage us directly when an insurance policy, an estate, or a donation requires a documented value for their tools.
Advisors and adjusters
Estate administrators, estate attorneys, CPAs, and insurance adjusters rely on our tool appraisals when a legal, tax, or financial matter needs an independent report.
What tool appraisal clients say we are known for
Across 16 published tool appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
Lab Equipment Appraisal for Charitable Donation
AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
Machinery & Equipment Appraisal
I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
Medical Equipment Appraisal for Charitable Donation
Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
Machinery & Equipment Appraisal for Bankruptcy Filing
I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
Technology Equipment Appraisal for Divorce
They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
Medical Equipment Appraisal for Charitable Donation
Submit estimate or list of items for our review.
We'll share a flat fee quote for your approval.
Submit details on all of your items for our review.
We'll conduct detailed research and prepare a written USPAP-compliant report.
Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.
Standard Fee Range
$695 – $2200
Standard range for our Tool appraisals based on past projects
Two report tiers. Your intended use sets which one you need.
from $295
USPAP-compliant report for standard purposes
from $395
USPAP-compliant and IRS-qualified report for advanced purposes
Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.
1 item
$295 – $595
Single tool appraisal
Small collection
$995 – $2200
Small collection or mixed equipment set; varies if conducted onsite
Larger collection
$2200 – $5K+
Larger collection of tools
Our Tool appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
Common tools with active resale markets are valued by sales comparison against dealer listings and results from industrial auction platforms such as BidSpotter, Ritchie Bros., and Proxibid. Specialized jigs, fixtures, and shop-built tooling with sparse comparables shift to the cost approach: replacement cost new less physical, functional, and economic depreciation. The report states which route was used for each item and why.
No. Tax and book depreciation schedules are accounting conventions, and older tools can be fully written off while still holding substantial resale value; conversely, newer assets can be impaired by rapid technological obsolescence. Market value comes from replacement cost and actual comparables, not the carrying value on your ledger, which is why the two often diverge sharply.
No. IRS Publication 561 accepts comparable sales, replacement cost less depreciation, or income methods as appropriate, provided the rationale and data are documented; what matters is credibly supported fair market value. Donations of property over $5,000 additionally require a qualified appraisal and appraiser declaration on Form 8283, which commonly applies when businesses donate used tools and equipment.
Only when the tools generate identifiable cash flow of their own, such as a rental tool fleet or leased production equipment, where future benefits can be discounted to present value. It is not practical for commodity hand tools without discrete income streams. Most tool appraisals rely on the market and cost approaches, with the report explaining why the income approach was not applied.
