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Equipment appraisals in New York for donations, lending, M&A, and financial reporting, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises manufacturing equipment, construction machinery, medical devices, agricultural equipment, and industrial tools across New York, including New York City, Buffalo, and Albany.
DEFENSIBLE, USPAP-COMPLIANT FARM EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, NEW YORK COURTS, LENDERS, INSURERS, 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 appraises farm equipment in New York for estates and gift filings, for loan and collateral files, for partnership and family transfers, for insurance schedules and for damage claims. A file is built from serial numbers, meter readings, attachment lists and service records, and from completed sales rather than from asking prices.
Dairy
Parlor stalls, pipeline, bulk tanks and robotic units behave like installed plant, while tractors, mixers and skid steers behave like equipment. Splitting the two keeps a figure honest, because what a buyer would pay to pull out and reinstall a parlor is not what a catalogue shows.
Field crops
Two combines off the same line can sit far apart once separated hours, header configuration, precision hardware and documented rebuilds are read. Those are the adjustments a report has to support, and an owner's own records are usually what support them.
Orchards and vineyards
Orchard and vineyard equipment on the Lake Ontario fruit belt and through the Finger Lakes answers to a narrower group of buyers than a utility tractor does, so its evidence comes from regional auctions and dealers instead of national summaries.
Every assignment names a day. An estate reads the date of death, a partnership change reads the day the interest moved, a collateral file reads the day the fleet was inspected, and a claim reads the moment before the loss. Whatever evidence a report cites is chosen to sit around that day.
Estates and transfers
Where equipment passes at death or by gift, a filing needs fair market value on the stated day, with the auction and dealer evidence from around it named in the report. A figure that leans on this season's market for a transfer two years back will not hold up to a reading. Where the operation itself is changing hands rather than the machines, our New York business valuation work takes the entity.
Lending and claims
A lender is asking what a fleet would fetch in a sale nobody chose, and over how long an exposure. An adjuster is asking what one machine was worth before the event and what is left of it after. The two cannot share a single number, so a report answers whichever was actually put to us.
New York does not tax farm equipment as personal property, so the state reaches these values in two other places: what a farm pays when it buys, and what a supplier owes a dealer whose agreement has ended.
Sales tax
More than 50%
of a machine's use has to be farm production before New York exempts it
New York exempts from sales and use tax tangible personal property, whether or not it is incorporated in a building or structure, used or consumed predominantly in the production for sale of tangible personal property by farming, in a commercial horse boarding operation, or in both. The tax department reads predominantly as more than half of the property's use, and for motor vehicles the statute lets that half be measured by mileage or by hours at the purchaser's choice. Farm production begins with preparing the soil or other growing medium, or with the beginning of an animal's life cycle, and ceases when the product is ready for sale in its natural state, which leaves storing, loading and shipping on the distribution side of the line. A farm claims the exemption with Form ST 125 rather than paying at the register, so the purchase price a New York farm actually pays is the one a cost approach should start from.
Dealers
100% of net cost
is what a supplier pays a New York dealer for new unsold equipment when the agreement ends
When a farm equipment dealer agreement in New York ends, the supplier has sixty days to buy back the inventory the dealer had agreed to carry, unless the dealer keeps it under a contractual right. New, unsold, undamaged, complete and resalable equipment goes back at the full net cost the dealer paid, less a reasonable allowance for the dealer's use and for weather deterioration at the dealer's location, and less programs and discounts already allowed. Repair parts go back at eighty five percent of the current net price in the supplier's effective price list, with six percent of that price added for handling, packing and loading unless the supplier does the work itself. A supplier that misses the sixty days is liable for one hundred fifteen percent of the current net price plus freight and financing costs. None of those figures is market value, which is exactly why a dealership wind down that needs a market figure needs an appraisal beside the statute.
What New York clients say we are known for
Across 16 published New York 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 was looking for an appraisal and time was of the essence. They got the job done in only a few days with excellent customer service. Great business to work with.
Machinery & Equipment Appraisal for Insurance Coverage
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
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
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
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
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
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:
Against real transaction data. IronGuides, built from actual retail transactions, serves as the blue book for farm equipment, and we supplement it with auction results, dealer data, and trade publications, adjusting for hours, condition, attachments, and precision-ag options. Serial numbers, meter readings, and maintenance records anchor the adjustments.
No. New York does not have a personal property tax, so the annual assessor filings farm operations face in many other states do not apply. Equipment appraisals in New York are instead driven by estates, lending and collateral requirements, insurance, partnership changes, and casualty documentation.
Form 4684, Casualties and Thefts. The computation depends on the equipment's fair market value immediately before and after the event along with its adjusted basis, so a market-supported appraisal plus damage documentation is what substantiates the claim. An insurance declaration page alone does not establish deductible value.
An open-market standard. Debtor and Creditor Law Section 24 directs appraisers valuing property customarily sold in open markets to determine the range of market prices and their average over a reasonable period. For tractors and implements, that puts auction comparables, dealer retail and wholesale spreads, and time-adjusted sales evidence squarely at the center of the statutory analysis.
Not automatically. Real property is valued for tax purposes as of the preceding July 1, with taxable status generally set March 1, while equipment is valued as of whatever effective date the assignment requires, such as a date of death. Mixed farm estates therefore often carry different effective dates for the land and the machinery, and the report should state each explicitly.
