Equipment Appraisal for Estate Tax

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Equipment appraisals for estate tax, prepared in accordance with IRS estate tax requirements (Form 706). AppraiseItNow provides IRS-qualified fair market value reports that account for absorption discounts, installation costs, and economic obsolescence to protect estates from penalties.

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DEFENSIBLE, USPAP-COMPLIANT MACHINERY & EQUIPMENT 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 machinery and equipment team behind your fair market value appraisal

Between them, our machinery and equipment appraisers hold 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.

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

Equipment Appraisals for Estate Tax

When a decedent's estate includes machinery, manufacturing equipment, or other business assets, a qualified appraisal establishing fair market value is required for accurate reporting on IRS Form 706. Equipment often represents a significant share of a business owner's estate, and the IRS mandates USPAP-compliant valuations completed by a qualified appraiser before the estate tax return filing deadline. Our equipment valuation practice covers the full range of industrial, commercial, and specialized machinery that executors and estate attorneys encounter.

AppraiseItNow delivers these appraisals both online and onsite across the United States, supporting executors, trustees, and legal counsel throughout the process. Whether the estate involves a single piece of specialized equipment or an entire manufacturing facility, our estate tax valuation services are structured to meet IRS documentation standards and withstand scrutiny.

Equipment and Machinery We Appraise for Estate Tax

Estates can include a wide variety of equipment assets, and our appraisers are equipped to handle the full spectrum.

  • CNC machining centers, lathes, and milling equipment used in precision manufacturing
  • Agricultural machinery including tractors, combines, planters, and irrigation systems
  • Construction equipment such as excavators, cranes, bulldozers, and compactors
  • Medical and dental equipment including imaging systems, surgical tools, and diagnostic devices
  • Restaurant and commercial kitchen equipment including ovens, refrigeration units, and food processing lines
  • Printing and packaging machinery, including offset presses and bindery equipment
  • Woodworking and metalworking shop equipment, including saws, presses, and welding systems
  • Transportation and logistics equipment such as forklifts, semi-trucks, and trailers
  • Oil and gas field equipment including pumps, compressors, and wellhead components
  • Textile and industrial processing machinery, including looms, extruders, and conveyor systems

How AppraiseItNow Handles Equipment Appraisals for Estate Tax

Clients working through an estate with significant equipment assets can expect the following from our process.

  • Appraisers assess each asset using current market data, dealer interviews, and comparable sales, applying the fair market value standard the IRS requires for Form 706 reporting. Where installed machinery is involved, associated costs such as shipping, installation, and permitting are evaluated for inclusion in the valuation.
  • Reports address valuation nuances specific to estate contexts, including absorption discounts when large quantities of similar equipment are present, economic obsolescence from regulatory changes or underutilization, and the distinction between book value and actual market value.
  • All appraisal reports are written to meet IRS qualified appraisal standards and USPAP requirements, providing the documentation necessary to support the estate tax return and defend reported values in the event of an audit or IRS challenge.
  • Our appraisers hold credentials from recognized professional organizations including ASA and AMEA, with specific expertise in equipment and machinery valuation rather than general personal property experience.

What clients say we are known for

AppraiseItNow Reviews: “I highly recommend the AppraiseItNow team”

  1. Being the appraiser they come back to“I highly recommend the AppraiseItNow team” Julia P.Mentioned in 44 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 34 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 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.

  • 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., Philadelphia, PA ·

    Technology Equipment Appraisal for Divorce

  • 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. , Dallas, TX ·

    Machinery & Equipment 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 Equipment Appraisals for Estate Tax

Which standard does the IRS require for machinery on an estate return?

Fair market value at the date of death under Treasury Regulation 20.2031-1(b): the willing-buyer, willing-seller price, not book value, depreciated cost, or an auction estimate. Values reported materially below documented market evidence are treated as unsupported, and the IRS challenges depreciation-schedule numbers that diverge from what the equipment actually trades for.

Is equipment inside an operating business valued differently?

Often yes. Installed machinery that will keep operating with the business is commonly appraised at fair market value in continued use, a premise that includes freight, installation, and setup and can exceed piece-by-piece values. Highest and best use governs, so a buyer who would redeploy the assets can set the value rather than the current operation.

Why do liquidation values understate an estate's machinery?

Because orderly liquidation value typically runs 75 to 90 percent of fair market value and forced liquidation value 50 to 70 percent, those standards assume a compulsion to sell that estate tax law excludes. They belong in lender and distress contexts; substituting them on Form 706 understates the gross estate and invites adjustment.

Does special use valuation reduce equipment values?

No. The IRC 2032A election that values qualifying farm or business real property at current use rather than highest and best use is built around land and buildings. Machinery and other personal property remain at standard fair market value, a distinction executors of farm and business estates frequently miss.