Personal Property Appraisal for Gift Tax

5.0from 80+ client reviews

Personal property appraisals for gift tax, prepared in accordance with IRS gift tax requirements (Form 709). AppraiseItNow provides defensible fair market value appraisals for jewelry, art, antiques, and collectibles to protect against audit exposure.

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USPAP-CompliantOnsite or OnlineIRS Qualified

DEFENSIBLE, USPAP-COMPLIANT PERSONAL PROPERTY APPRAISAL REPORTS — QUALIFIED FOR THE IRS, PROBATE COURTS, AND ESTATE ATTORNEYS.

  • IRS
  • United States Courts
  • Chase
  • Bank of America
  • State Farm
  • Goodwill Industries
  • Wells Fargo

The personal property team behind your fair market value appraisal

Between them, our personal property appraisers hold ISA and CAGA designations, and every report is written to USPAP for the IRS, probate courts, and estate attorneys.

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.

Anne Hay

Anne Hay

Personal Property Appraiser

ISA Accredited Member with 30 years in the trade, from running estate sales and an auction gallery to appraising luxury apparel, furniture, artwork, antiques, and business assets, primarily for IRS tax filings.

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.

Ashley Innes

Ashley Innes

Personal Property Appraiser

ISA Accredited Member specializing in Asian art, with a Master's from SOAS and a Postgraduate Diploma in Asian Art. Ashley chairs the ISA's Antiques, Furnishings, and Decorative Arts committee and appraises for charitable donation, insurance, and equitable distribution.

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
  • Fair market valueThe IRS definition of value that Form 706, probate courts, and gift tax filings apply
  • International Society of AppraisersAccredited Member
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards

Personal Property Appraisals for Gift Tax

When you transfer personal property to another person as a gift, the IRS requires that you report its fair market value on Form 709 if the gift exceeds the 2025 annual exclusion of $19,000 per recipient. A qualified appraisal is the foundation of adequate disclosure under Treasury Regulations §25.2512-1, protecting your filing from indefinite IRS scrutiny and starting the three-year statute of limitations. AppraiseItNow's personal property appraisal services cover the full range of tangible assets commonly transferred as gifts, from jewelry and antiques to collectibles and household goods, with reports prepared by credentialed appraisers who meet IRS qualified appraiser standards.

We deliver appraisals both online and onsite across the United States, making it straightforward to get a defensible valuation regardless of where you or the gifted property are located. Whether you need a single item assessed or an entire collection valued, our gift tax appraisal services are structured to support Form 709 filings with thorough documentation, clear methodology, and appraiser declarations that satisfy IRS requirements.

Personal Property We Appraise for Gift Tax Purposes

AppraiseItNow covers a wide range of tangible personal property commonly transferred as taxable gifts, including:

  • Fine jewelry, including diamond rings, gemstone pieces, watches, and precious metal items
  • Antique furniture, decorative arts, and period pieces with documented provenance
  • Fine art, including paintings, sculptures, prints, and works on paper
  • Coins, currency, and numismatic collections
  • Stamps and philatelic collections
  • Silver, gold, and other precious metal objects such as flatware, hollowware, and bullion
  • Vintage and contemporary rugs and textiles
  • Collectibles including sports memorabilia, trading cards, and pop culture items
  • Wine and spirits collections
  • Household contents and personal effects transferred as part of a larger gift

How AppraiseItNow Handles Personal Property Gift Tax Appraisals

  • Appraisers hold credentials through recognized organizations including ISA, ASA, AAA, CAGA, AMEA, and NEBB, and carry demonstrated expertise in the specific property category being valued, which the IRS requires of qualified appraisers.
  • Each appraisal report includes a thorough asset description, the valuation date fixed as of the date of transfer, the methodology used to determine fair market value, comparable market data, and an appraiser declaration affirming independence and compliance with USPAP.
  • Reports are prepared to support adequate disclosure on Form 709, meaning they contain the level of detail needed to start the three-year audit statute of limitations and reduce exposure to IRS valuation challenges or undervaluation penalties.
  • Appraisals are available online using photographs and documentation you provide, or onsite when physical inspection is necessary for high-value, fragile, or complex items where condition and authenticity are central to the valuation.

What clients say we are known for

AppraiseItNow Reviews: “I will definitely use their services again” and “The process was smooth and hassle-free”

  1. Being the appraiser they come back to“I highly recommend their services” Bruce A.Mentioned in 44 reviews
  2. Answering fast, and staying reachable while the work runs“From the start they were very responsive, price competitive” Chris S.Mentioned in 34 reviews
  3. Showing the research and the comparables behind the number“Very thorough and professional — great communication and outstanding service” Curt B.Mentioned in 29 reviews
  4. Delivering the finished report ahead of the deadlineMentioned in 21 reviews
  5. Taking on items other appraisers had already turned downMentioned in 14 reviews

Across 80+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and 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.

  • It is a pleasure to work with Joe and his team. They communicate every step along the way and made the process simple for us to have more than 35 firearms appraised. It was all done in a timely manner and the final report is easy to understand. I highly recommend their services.
    Bruce A. , Saint Johns, FL ·

    Gun Appraisal for Probate

  • The estate appraisal for our car and rugs was handled quickly and efficiently. The process was smooth and hassle-free.
    Kendall K. , Minneapolis, MN ·

    Personal Property Appraisal for Estate Tax

  • Fast and friendly service. I will definitely use their services again!
    Preety A., Miami, FL ·

    Personal Property Appraisal

  • From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
    Chris S., San Clemente, CA ·
  • Very thorough and professional — great communication and outstanding service. Highly impressed with their work!
    Curt B. , Washington, UT ·

Frequently Asked Questions on Personal Property Appraisals for Gift Tax

How is gifted personal property valued for gift tax?

At fair market value on the date of the gift under Treasury Regulation 25.2512-1, measured in the market where the item is most commonly sold to the public. For many personal items that is the retail market, and the regulation expressly rejects forced-sale prices as the measure of value.

When does a gift of personal property need to be reported to the IRS?

When its value to any one recipient exceeds the annual exclusion, which is $19,000 for 2025, reporting on Form 709 is generally required even if no tax is due, per IRS gift tax guidance. The appraisal often determines which side of that line a gifted item falls on.

Does the recipient of gifted property get a stepped-up basis?

No. A donee generally takes the donor's adjusted basis for computing gains, with fair market value at the gift date serving as the floor for losses, and gift tax paid on post-1976 appreciation can increase basis. That is why FMV support matters even when no tax is currently owed.

Can a tax assessment or trade-in quote establish gift tax value?

Not by itself. The regulation permits a local assessment only when it actually represents fair market value on the gift date, and wholesale or trade-in figures usually reflect the wrong market. The IRS looks to the asset's ordinary public sale channel, adjusted for location where relevant.