WELCOME!!!2014 Advanced Personal

Property SeminarSheraton Greensboro Hotel at

the Four Seasons MallSeptember 22 to September 24

The Appraisal Of Interesting Business Personal Property

By Dave DutyProperty Valuation Specialist IIMonday September 22, 2014

2014 Advanced Personal Property SeminarSheraton Hotel at Four Seasons Mall

What does this asset do?

Does this help?

Pyxis Medstation 4000

• Medication Management System• Provides restricted medication dispensing &

automates the distribution, tracking, management & security of medications

• Taxpayer wanted application of the U-5 schedule

• County placed this asset on the C-10 schedule• 3 to 5 year lease, refurbished, leased again• Data processing is not its primary function

This is the result of a manufacturing process; what is it?

What does this process create?

Go to YouTube.com and select:Electronic Cigarette Production

Process – Cherry Nie

E-Cigarette Manufacturing Process

• More hands-on labor involved• Not much heavy machinery & equipment• Is the A-15 TOBACCO AND TOBACCO

PRODUCTS MANUFACTURING category appropriate?

• Should E-Cigarettes be banned from public buildings and restaurants?

What kind of asset does this trailer haul?

Transport Carriers for Modular Homes

• 95% of the off-frame carriers return to the manufacturer for future use

• The dealer does not sell carriers in the regular course of business

• The carriers are not held for sale• Merchant inventories are held for immediate

resale for a profit• The taxpayer is consuming the carrier, not

selling it

What does this equipment deliver to the asset?

Re-Charging Station for Hybrid Electric Vehicles

• Used to re-charge the batteries in a hybrid electrical vehicle

• This asset falls into the ELECTRICAL EQUIPMENT category expressed as “machinery used in the generation and utilization of electric energy”…………..

• Place on a I-10 schedule

What does this square box do for its owner?

Currency Processing Solutions

• Glorified bank safe• Verifies the currency, checks for counterfeits,

& automatically tracks the cash for easy balancing

• Schedule captures lots of different types of banking assets, except smart safes!

• It is very much like a Safe Deposit Box so use the H-20 schedule

What product does this vending machine dispense?

Breathalyzer

• Found in bars and restaurants• Usually leased to the owner of the

establishment• Schedule to mirror length of lease?• Use the category VENDING EQUIPMENT to

schedule this asset• Use the O-6 for miscellaneous vending

products• Prints out a chemical analysis report

What function does this piece of equipment provide?

Does this help?

How about this?

Windshear Rolling-Road Wind Tunnel

• Simulates the road beneath a racecar providing precise aerodynamic data feedback

• Only 3 facilities in the world• “Road” is a continuous stainless steel belt –

one millimeter thick• Wind turbine generates 180 mph air currents• Transportation equipment on a B-12 or testing

equipment on an R-8?

Watch this video!

www.windshearinc.com

Dave’s Hair vs. Gregg’s Hair

Other types of new property coming into N.C.?

Fracking EquipmentNatural Gas Pipeline

DronesWind Power Equipment