How do appraisers document machinery values for Oregon businesses?
With comparable sales from auction platforms and dealer markets adjusted for age, hours, and configuration, supported by the cost approach where market data is thin. Credible reports separate physical depreciation, functional obsolescence, and economic obsolescence rather than applying one age-based schedule.
Is the assessor's depreciation factor the same as my equipment's market value?
Not necessarily. For Oregon's personal property tax, assessors apply standardized valuation factors from the Department of Revenue's guidelines to original cost, with minimum value floors, against the return due March 15 each year. An appraisal measures what the equipment would actually bring in its market, which can sit above or below the factored figure.
Which premise of value should an Oregon equipment appraisal use?
The one that matches the decision. Fair market value in continued use fits buy-sell and financing on a going concern, orderly liquidation fits a planned wind-down, and forced liquidation fits distressed sale scenarios. The same machinery line can carry very different values under each premise, so we agree on it before fieldwork.
Is equipment merely passing through Oregon taxable there?
No. Personal property is assessable only if, on January 1 at 1 a.m., it is in Oregon, not in transit, and has come to rest. Valuation must also reflect the property's level of trade, so the same machine carries different values in a manufacturer's, wholesaler's, or end user's hands. Situs and trade-level questions are worth checking before accepting an assessment.
Can a production line be valued on its earnings?
Conceptually, yes. The income approach suits combined asset groups such as complete production lines, where earning capacity attaches to the set rather than any single machine, while individual units are better valued through market comparables and cost analysis. A credible report explains which approach carried the conclusion for which assets.