North Carolina Equipment Appraisers

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Equipment appraisals in North Carolina for donations, lending, M&A, and financial reporting, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises manufacturing equipment, construction machinery, agricultural equipment, medical devices, and industrial tools across North Carolina, including Charlotte, Raleigh, and Greensboro.

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DEFENSIBLE, USPAP-COMPLIANT MACHINERY & EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, NORTH CAROLINA COURTS, LENDERS, INSURERS, AND MORE.

  • U.S. Small Business Administration
  • Chase
  • Wells Fargo
  • Truist
  • Nationwide Insurance
  • Bank of America
  • IRS
  • North Carolina Courts

Credentialed Appraisers Serving North Carolina

Between them, our machinery and equipment appraisers hold CAGA designations, and every report is written to USPAP for the IRS, North Carolina courts, lenders, insurers, and more.

Joe Kattan

Joe Kattan

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.

Jason Dolph

Jason Dolph

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.

Marnie Erkelens

Marnie Erkelens

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.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Charlotte Plants, Research Triangle Labs, and Wilmington Yards Hand Us North Carolina Equipment to Value

AppraiseItNow appraises production machinery, construction and agricultural equipment, medical and laboratory instruments and commercial kitchens in North Carolina for lending, charitable gifts, estate distribution, financial reporting and sales between owners. Equipment work runs on records and photographs, with an inspection arranged on the larger projects.

Lending and collateral

Orderly and Forced Liquidation Side by Side

A lender wants to know what collateral brings with time to market it, and what the same collateral brings without that time. Both figures come out of one body of research, and the distance between them is usually the part the credit decision turns on. Where a machine only sells to a handful of buyers in the region, that distance widens, and the report says so rather than leaving the lender to discover it later.

Donations and estates

Fair Market Value for a Filing That Will Be Read

A donated production line, or a machine shop moving through an estate, has to arrive at a figure a reviewer can trace back to real transactions on a stated day. Large assignments are valued by category rather than one machine at a time, and the report sets out which categories it drew and what holds each of them together.

Reporting and sales

A Number Two Parties Can Both Work From

Purchase price allocations, buy and sell agreements and partner exits all stall on the same question, and each side tends to answer it in its own favour. An independent figure with its method written out in full is what gets them moving again.

An Asheville Estate and an Ahoskie Donation Are North Carolina Equipment Files We Have Written

Two recent North Carolina equipment files, each reduced to a single line. Everything that would identify a client stays out of it. What remains is the town, the purpose the report was written for, and the standard of value it applied.

Metalworking lathe and milling machine in a small daylit workshop

Estate distribution

Machinery Valued for an Asheville Estate

A fair market value opinion prepared for the personal representative, with age, condition and remaining useful life carried through to the figure.

  • Fair market value
Hospital bed, infusion stand and patient monitor in a bright empty clinic room

Charitable donation

An Ahoskie Donation of Medical Equipment

Medical equipment valued at the level it would genuinely change hands in, written up for the donor's noncash contribution filing.

  • Fair market value

North Carolina Taxes a Machine by Who Uses It and When It Was Listed

Whether a machine sits on the North Carolina tax roll at all turns on three things that say nothing about the machine: what it is being used for, whose hands it is in, and whether it was listed in January.

Deadline

January 31

closes the North Carolina listing period, with extensions no later than April 15

The North Carolina Listing Period Closes at the End of January

Property is listed for taxation in North Carolina during a period that opens on the first business day of January and closes on January 31. An individual extension may be granted for good cause on a written request filed by that closing date, and it cannot run past April 15. Where a county has provided for electronic listing of personal property, an extension for that listing may run to June 1 instead. A business that lists equipment it has already disposed of, or leaves off equipment it still runs, carries the error into the whole tax year.

G.S. 105-307

Exclusion

Non business use

keeps a machine off the North Carolina roll, unless it is a vehicle, aircraft or watercraft

The Same Machine Is Taxed or Not Taxed Depending on Who Runs It

North Carolina designates non-business property as a special class and excludes it from tax: personal property the owner uses for a purpose other than producing income and not in connection with a business, with household furnishings, clothing, lawn tools and lawn equipment given as examples. Motor vehicles, mobile homes, aircraft, watercraft and engines for watercraft are written out of that definition and stay taxable whatever they are used for. An identical machine can therefore sit on the roll in one owner's hands and off it in another's.

G.S. 105-275(16)

Exclusion

Inventory

owned by a North Carolina manufacturer, merchant or contractor is excluded from the roll

A Machine on the Sales Floor and a Machine on the Production Floor Are Treated Differently

The same statute excludes inventories owned by contractors, inventories owned by manufacturers, and inventories owned by retail and wholesale merchants. A machine held for sale is outside the tax base, and the moment it is put to work producing income it is inside. That distinction changes nothing about what the machine would sell for, since the market does not care who owns it, but it does explain why a dealer's cost records and a plant's tax filings on the same model so rarely line up.

G.S. 105-275(33) and (34)

What North Carolina clients say we are known for

North Carolina Appraisal Reviews: “I highly recommend the AppraiseItNow team” and “I would definitely use them again”

  1. Being the appraiser they come back to“I would definitely use them again” Richard A.Mentioned in 11 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 6 reviews
  3. Showing the research and the comparables behind the number“They diligently researched both equipment items and provided well-documented reports” Bob H.Mentioned in 5 reviews
  4. Taking on items other appraisers had already turned downMentioned in 4 reviews
  5. Delivering the finished report ahead of the deadline“They did it quickly” Phil L.Mentioned in 3 reviews

Across 16 published North Carolina 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.
    Alan B. ·

    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.
    Bob H. ·

    Machinery & Equipment Appraisal

  • 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!
    Julia P. ·

    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.
    Richard A. ·

    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!
    Ana R. ·

    Machinery & Equipment Appraisal for Bankruptcy Filing

  • 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.
    Phil L. ·

    Medical Equipment Appraisal for Charitable Donation

We produce written equipment appraisal reports for lending, insurance, charitable donations, and litigation

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:‍

Tax, Estate & Financial Planning

Transactions, Lending & Investment

Life Events & Special Circumstances

  • Divorce
  • Social Security reporting or Medicaid Application Filings
  • E-2 visa applications

Frequently Asked Questions on North Carolina Equipment Appraisers

What factors does North Carolina law require when appraising business equipment for tax?

G.S. 105-317.1 directs consideration of replacement cost, sales of similar property, age, condition, productivity, remaining life, obsolescence, and economic utility whenever personal property is appraised, and for business equipment the appraiser must also weigh the taxpayer's records and filings. Those same elements are what a well-built independent appraisal documents.

Can I challenge the county's value on my machinery?

Yes, within 30 days of the initial notice of value; if no separate notice was mailed, the tax bill serves as the notice. If informal review with the assessor does not resolve it, you then have 30 days from the assessor's final decision to seek review by the county board of equalization and review. A market-supported appraisal is the core evidence for that appeal.

Do fair market value and liquidation value differ for the same machine?

Substantially. Fair market value assumes a willing buyer and seller with reasonable exposure time, while orderly and forced liquidation values assume compressed marketing periods and distressed sale conditions, and the spread between premises can be dramatic. We match the premise to the decision at hand, whether that is a sale, a loan, or a dispute.

Do North Carolina's eight-year reappraisals apply to machinery?

No. The octennial reappraisal cycle under G.S. 105-286 governs real property. Business machinery and equipment is personal property appraised fresh every year as of January 1, which means depreciation, obsolescence, and market shifts can move its taxable value annually rather than waiting for a county-wide revaluation.

Is farm equipment depreciated on a special schedule in North Carolina?

Yes. Under G.S. 105-317.1(b1), any county that uses a cost approach for taxable farm equipment must apply the depreciation schedule the Department of Revenue publishes on its website, creating one statewide pattern for farm machinery. Other equipment classes leave counties more discretion, so identical-looking assets can be depreciated quite differently for tax.