What information drives a machinery appraisal in New Hampshire?
Asset-level detail: make, model, serial number, year, capacity, configuration, purchase date and cost, condition, maintenance history, and remaining economic life. Credible market and cost analyses depend on accurate specifications and condition ratings, because the adjustments for wear and obsolescence flow directly from them. Thin documentation weakens the value conclusion.
Do New Hampshire towns require an inventory of taxable property?
In municipalities that adopt the requirement, yes. Form PA-28, the Inventory of Taxable Property, must be filed with municipal assessing officials by April 15 under RSA 74:7, and it can cover certain categories of taxable personal property. Late filing or non-filing can affect how the municipality proceeds with assessment.
Is the income approach ever used for equipment?
Selectively. For an individual machine, the market and cost approaches are generally more appropriate, but the income approach is conceptually applied to combined asset groups such as production lines where an identifiable income stream attaches to the whole set. We select the approach that fits how the equipment actually generates value.
Is business machinery taxed as personal property in New Hampshire?
Generally no. New Hampshire is among the states with no general tangible personal property tax, so machinery, equipment, and fixtures avoid the annual assessments common elsewhere; utility property is the exception, taxed at the state level under RSA 83-F. Equipment values in New Hampshire matter instead for lending, insurance, estates, transactions, and litigation.
When does heavy equipment need a title in New Hampshire?
Truck-tractors are titled once gross weight exceeds 18,000 pounds, which sweeps much road-going heavy equipment such as Peterbilt, Mack, Kenworth, and Freightliner units into the state title system. A title anchors identity and ownership for those assets, while off-road machines rely on serial numbers, purchase records, and maintenance files for appraisal documentation.