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Equipment appraisals in Virginia 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 Virginia, including Richmond, Virginia Beach, and Norfolk.
DEFENSIBLE, USPAP-COMPLIANT MACHINERY & EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, VIRGINIA 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 production machinery, processing lines, medical and diagnostic equipment, broadcast gear, laundry plant, materials handling and data center hardware in Virginia for lending, acquisitions, charitable gifts, financial reporting, and litigation. Every assignment states its premise of value first, because one asset list supports several different conclusions.
Production and processing
A line installed once and tuned for a single product is worth one thing in place and another on a truck. We develop both figures where the assignment needs them and say which answers which question. Installation, rigging and the cost of putting the same capability somewhere else are priced into the figure rather than waved at.
Specialized assets
Thin resale markets are where cost reasoning earns its place: current replacement cost built from vendor pricing and published cost data, then physical, functional and economic depreciation taken off and shown separately.
Whole facilities
Long asset lists are valued by category rather than unit by unit, with the significant machines pulled out and priced alone. The report states what was grouped and why, so an auditor can follow the method.
Equipment carries several defensible values at once, and which one matters depends on who ordered the report. A bank, a buyer and an auditor are each asking a different question of the same floor. Hampton Roads marine operations and Shenandoah Valley food processors send us the same request with different answers behind it.
Lending and transactions
Orderly and forced liquidation values beside fair market value in continued use, with the auction evidence, dealer comparables and depreciation reasoning set out for a credit team or a buyer's advisers to work through.
Gifts and reporting
A charitable gift of equipment needs a fair market figure and its support for the donor's return. Financial reporting needs values tied to a stated date and method, written so each one can be traced. Where a local assessment is the issue, the figures are presented so they can be put in front of the locality without rewriting.
Virginia taxes machinery and tools as a class of their own, then carves out two situations that change the answer: equipment that has gone quiet, and equipment certified for pollution control. A third rule fixes when the list is due.
Idle machinery
One year
out of use continuously, which moves machinery out of the class
Idle machinery and tools fall outside the segregated class and are taxable as capital instead. Virginia defines them as machinery and tools that have been discontinued in use continuously for at least one year before any tax day, or that the taxpayer has identified in writing to the assessing official on or before April 1 as machinery it intends to withdraw from service by the next tax day, and that are not in use on the tax day with no reasonable prospect of returning to use during the tax year. Equipment brought back into service has to be identified in writing again. Whether a line counts as idle, and what it is worth standing still, tend to arrive as one question.
Filing
May 1
when a return on machinery, tools and business personal property is due
Every taxpayer owning property taxable under the chapter on January 1 files a return with the locality, and returns are due on or before May 1 unless a local ordinance sets another date. Anyone leasing such property files as well, naming the owner. On request the return has to carry total original cost by year of purchase, meaning the original capitalized cost, or the cost that would have been capitalized had the expensing election under section 179 of the Internal Revenue Code been taken instead. That cost history is also where an appraisal of the same assets starts.
Pollution control
Certified
equipment certified for abating pollution, exempt from state and local tax
Certified pollution control equipment and facilities are declared a separate class of property and are exempt from state and local taxation under Article X, section 6 (d) of the Constitution of Virginia. The definition reaches real or personal property, equipment, facilities or devices used primarily to abate or prevent pollution of the atmosphere or the waters of the Commonwealth, where the certifying authority having jurisdiction has certified them as built, reconstructed or acquired in conformity with the state program. On a mixed plant floor that line decides which assets belong in the taxable class at all, which in turn decides what a cost schedule should have covered.
What Virginia clients say we are known for
Across 16 published Virginia 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 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
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
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
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:
Asset-level detail: make and model, serial numbers, year, capacity, configuration, purchase date and cost, condition, maintenance history, and remaining economic life. The more of that record a Virginia owner can produce, the tighter the comparable matching and the more defensible the conclusion, particularly for lenders and courts.
When market data is thin or the assets are specialized, we develop current replacement cost from manufacturer quotes, vendor pricing, and cost guides such as Marshall Valuation Service, then deduct physical, functional, and economic depreciation. For common equipment with active resale markets, sales comparison evidence usually leads instead.
No, Virginia's appraiser licensing scheme in Title 54.1, Chapter 20.1 covers real estate appraisals only and does not regulate personal property appraisers. What courts, lenders, and the IRS look for instead is a USPAP-compliant report from a qualified machinery and equipment appraiser with documented market support.
By statute, through depreciated cost or a percentage of original capitalized cost, not a current market appraisal. Virginia Code § 58.1-3507 segregates machinery and tools used in manufacturing, mining, processing, and similar industries as their own class, taxed at locally set rates, and qualifying equipment cannot be assessed as real estate even when it is bolted to the building.
Yes. On a taxpayer's written request, § 58.1-3507(B) requires the commissioner of the revenue to consider any bona fide, independent appraisal presented. When a percentage-of-cost schedule overstates what aging or specialized equipment would actually bring, a documented appraisal is the statutory lever for getting the assessment revisited.
