La. Admin. Code tit. 61 § V-2503

Current through Register Vol. 50, No. 6, June 20, 2024

Section V-2503 - Tables Ascertaining Economic Lives, Percent Good and Composite Multipliers of Business and Industrial Personal Property

A. Suggested Guideline For Ascertaining Economic Lives of Business and Industrial Personal Property. The following alphabetical list includes most of the principal activities and types of machinery and equipment used in business throughout this state. The years shown represent an estimate of the average economic life of the equipment as experienced by the particular business or industry. The actual economic life of the assets of the business under appraisal may be more or less than the guidelines shown. The assessor must use his best judgment in consultation with the property owner in establishing the economic life of the property under appraisal.

1. Suggested Guidelines for Ascertaining Economic Lives of Business and Industrial Personal Property

Table 2503. A Business Activity/Type of Equipment	Average Economic Life in Years
Agricultural Machinery and Equipment Feed Mill Equipment (Production Line)	10 20
Air Conditioning and Heat Repair	10
Air Conditioning Single Room Unit	8
Aircraft Parts Mfg. M and E	12
All Terrain Vehicles	10
Aluminum Industry M and E	20
Amusement Devices (Music, Pinball Mach., etc.)	12
VCR and DVD Players	5
Video Games	3
Video Poker Gaming Equipment	5
Inflatable Air Bouncers	5
Amusement and Theme Parks	12
Antenna (ex. Mounted on Towers) for Telephone Cellular and CATV, etc.	8
Apparel Mfg. M and E	20
Auto Parts Retail	10
Auto Quick Service	10
Auto Repair M and E	8
Diagnostic Equipment (Electronic)	5
Small Tools	5
Bakeries
Industrial (i.e., Holsum, Sunbeam Bread)	20
Commercial (i.e., Albertson's, Mom and Pop, etc.)	12
Bank F nd F	12
Bank Safety Deposit Boxes	25
Banks
Alarm Systems	5
Automatic Teller Machines (ATM's)	8
Furniture & Fixtures	12
Safety Deposit Boxes	25
Vault Doors	25
Video Equipment	5
Encoders	10
Barber and Beauty Shops	10
Tanning Beds	10
Billboards, Poster Panels and Bulletin Boards	15
Bleach Mfg. M and E	12
Blueprinting, Photostating, Mimeographing and Lithographing (non-electronic)	10
Boat Molds (fiberglass)	8
Book Bindery	12
Bottling and Soft Drinks Mfg. M and E	20
Bowling Lanes	12
Automatic Pinsetters and Other M and E	10
Brewing and Distilling M and E	20
Butcher Shops	12
C.A.T.V. Equipment
Headend Active (Equipment and Tower)	8
House Drops and Converters	3
P and E (Distribution)	10
Test Equipment and Tools	5
Tower	20
Cabinet Shop M and E	8
Candy and Confections Mfg. M and E	12
Cannery M and E	20
Car Wash (5 min. and coin-op)	10
Cash Registers & Scanners (also see Supermarkets)	5
Cellular/PCS
Antennas	5
Cellular/PCS Telephone Handsets	3
Electronics	5
Leasehold Improvements	15
Power and Batteries	5
Software	3
Switching	5
Towers-Cellular/PCS and Microwave	20
Transmission	5
Cement, Clay and Brick Prods. Mfg. M and E	20
Chemical Industry M and E	15
Chiropractic Equipment	10
Clothing Mfg. M and E	20
Cocktail and Beer Bars	10
Coin-op Machines	10
Cold Storage Warehouse Equipment	12
Compressors (General Business Assets Only)	12
Computers
Desktops	3
Handhelds	3
Laptops	3
Main Frame	5
Midrange	5
Peripherals	3
Personal Computers	3
Servers	5
Concrete Products M and E	20
Construction M and E
Cranes, Crawler	20
General Construction	10
Asphalt Plants
Portable	10
Stationary	12
Land Clearing
Marine Construction
Ships and Vessels	20
Pleasure Craft	12
Mobile Telescopic	8
Road Construction (heavy)	10
Rock Crushing
Portable	10
Stationary	12
Sewer and Utilities	10
Soft Drink Mfg. M and E (Batch)	20
Well Drilling (other than O and G)	10
Controls/Electronics	5
Container Mfg. M and E	20
Converters (Residential Type)	3
Coolers (walk-in)	3
Coolers
Water (Installed/Water Fountain)	10
Water (Portable)	5
Water Bottles (5 gallon)	3
Copy Machines	3
Costumes (rental)	5
Cotton Gins	12
Cranes (crawler)	20
Credit Card Machine (In Store Swipe-Type)	5
Credit Card Machines (See Supermarket POS)
Dairy Processing M and E	20
Day Care (Exclude Office, Kitchen and Computer Assets)	5
Dental Equipment	12
Department Store Furniture and Equip.	12
Dies and Molds	10
Digital Cameras & Recorders	5
Dispensing Machinery (coin-op)	10
Distilling and Brewing M and E	20
Doctors, Dentists and Professional Equip.	12
Drug Store F and F	12
Dry Cleaning and Laundry M and E
(Except coin-op)	12
(Coin-op)	5
Electrical Generating
Gas and Diesel	10
Steam	25
Electrical Mfg. M and E	15
Electrical Transmission and Distribution	25
Electronic Equipment	5
Electronic Mfg. Equip.	8
Feedmill M and E	12
Fertilizer Applicators	10
Fertilizer Mfg. M and E	8
Fiberglass Molds	8
Fish Processing M and E	20
Fitness Equipment
Feeder Lines	20
OandM Facility	25
Fencing	15
Storage Buildings (portable)	10
Manual	8
Electronic	5
Florist Retail (Except Computers and Other Office Equipment)	8
Flour, Cereal and Grain Milling	20
Food Processing M and E	20
Forklifts
Inside	12
Outside	10
Foundry M amd E	20
Fruit Bins and Cargo Pallets	10
Gaming Equipment
Casino Equipment (see riverboat casinos)
Electronic, Slots or Computers	5
Lotto Machines	3
Mechanical, Slots	10
All Other Gaming Equipment	15
Garage M and E	8
General Contractor M and E	8
Golf Carts	8
Golf Course Equip.	10
Golf Course Tractors	12
GPS Receivers (Hand Held)	3
Greenhouse and Nursery M&E	10
Grocery Store F&F	12
Grocery Store Walk-In Coolers	12
Hardware Store F and F	12
Hatchery M and E	10
Health Spa Equip.	10
Hospital and Nursing Home Equipment	12
High Tech (Computer Driven) Equipment	5
Hotel Fand F	10
Ice Cream Cabinets	10
Ice and Refrigeration M and E	20
Iron and Steel Industry M and E	25
Janitorial Service M and E	10
Jewelry Store F and F and Equip.	12
Key Duplication Equip.	10
Laboratory Equip. (non-electronic)	12
Landscaping M and E	10
Laundry and Dry Cleaning M and E
(Except Coin-op)	12
(Coin-op)	5
Leather Products Mfg. M and E	20
Libraries (professional)	15
Lift Trucks (See Forklift)
Lumber and Wood Products Industry
Logging M and E	10
Panels	25
Log Stackers	10
Pulp, Paper and Paperboard M and E	20
Plywood and Veneer M and E	20
Scarifying M&E	10
Sawmills
Portable	12
Stationary	20
Shake and Shingle Mills
Portable	12
Stationary	20
Machine Shop M and E (Maintenance)	8
Machine Shop M and E (Production)	8
Mailing Machines	10
Meat Packing M and E	12
Meat Processing M&E (complex)	20
Medical Equipment	12
Computer Driven	5
Metal Fabrication and Extrusion Mfg. M and E	20
Metal Sheet Fabrication	8
Mining, Milling and Quarry M and E	10
Mobile Yard Equipment	10
Modular Office Buildings (portable)	15
Mortuary Service Equip.	12
Motel Furniture and Equipment	10
Movie (Film Making)	8
Music Instruments (rental)	8
Music Studio Recording Equipment	5
Music Systems (Background)	5
Neon Signs	10
Newspaper M and E
Press	15
Photographic	10
Other M and E	15
Nursing Home Equipment	12
Mattresses	3
Nursing and Greenhouse M and E	10
Office Computers	5
Office Copy Machines	8
Office Copy Machines, Faxes and Printers	3
Office Electronic Machines	5
Office F and F	12
Office Mailing Machines	10
Office Safes	25
Oilfield Rental Tanks	15
Outdoor Advertising Structures (see Signs)
Oxygen and Acetylene Tanks	25
P.A. Systems	10
Packing and Sorting M and E (fruit, veg., etc.)	12
Paint and Varnish Mfg. M and E	12
Pallets, Crates, Lugs, Bins, etc.	10
Petroleum Products Industry
Bulk Station Equip.	25
Refining M and E	20
Service Station Equip.*	10
Photography Equipment	8
One Hour Photoprocessing Equipment	8
Plastic Extrusion Equipment	12
Plastic Illuminated Signs	10
Plumbing Shop Equipment	8
Plywood and Veneer Mfg. M and E	20
Pollution Control M and E	15
Pool Hall Equipment	125
Poultry Plants M and E	12
Portalets	5
Power and Generation M and E
Gas and Diesel	10
Steam	25
Printing and Publishing Equip. (see Newspaper)
Professional Equipment
Scientific, Doctors, Dentists, etc.	12
Libraries	15
Propane Tanks	25
Pulp and Paper Mfg. M and E	20
Radio and Television
Broadcasting Equipment	8
C.A.T.V. (Cable System)	10
Digital Radio Equipment	5
Recording Equipment	8
Service and Repair Equipment	10
Towers	20
Radio-Telephone Equip.-2-Way	10
Rental Equipment
Public U-Rent (except heavy equipment)	5
Tuxedos	5
Linens	3
Video Tape, DVD and Game Rental	3
Research and Development M and E	3
Restaurants, Soda Fountains and Drive-Ins	10
Retail Stores F and F	12
Riverboat Casinos
Required to cruise	15
Dockside on a permanent basis	20
Rock Crushers (see: construction)
Salt Dome Storage Wells and Caverns (LDNR Class II Type 10, 11-L or 11-N)	30
Sawmills (see: Lumber)
Scaffolding (rental)	10
Search Lights	10
Service Station Equipment*	10
Sewer Construction Equip.	10
Sewing Equipment	12
Sheet Metal Fabrication	8
Shipbuilding (see Construction)
Shoes and Leather Prods. Mfg. M and E	20
Shipyards (see Construction)
Signs
Bulletin Boards	15
Billboards	15
Neon	10
Plastic Illuminated	10
Poster Panels	15
Electronic Three-sided Billboard	10
Small Tools-perishable	5
Smelting M&E	20
Soft Drink Mfg. M and E (batch)	20
Solar Farm
Modules, Panels, and Transformers	30
Racking/Racks	20
Fencing	15
Other Solar Farm Personal Property	5
Storage Buildings (portable)	10
Stores
Retail	12
Wholesale	12
Sugar Cane Refining M and E	20
Supermarkets
Cash Register Scanners	5
PA Systems (Public Address)	5
POS Computer Systems	3
Walk-In Coolers	12
Surveying Equipment (also see Professional Equipment)	8
Tavern and Bar Equipment	10
Telecommunications Equipment (electronic)	8
Fiber Optic Cable (buried)	15
Fiber Optic Cable (exposed)	8
Telephone and Intercom Systems
Electronic	8
Manual (non-electronic)	10
Television and Radio (see Radio)
Textile, Tent and Awning Mfg. M and E	20
Theater
Tracking/Motors	10
Projection Equipment	8
F and F	15
Tire Recapping Equipment	12
Toilets, portable	12
Towers
Cellular	20
Microwave	20
Tuxedo Rental	5
Unlicensed Vehicles	10
Upholstery Equipment	10
VCR and DVD Equipment (If Rental Units, see Rental)	5
Vending Machines	10
Video Games	3
Video Poker Gaming Equipment	5
Warehouse Equipment	12
Water Systems	12
Welding Shop Equipment	12
Wholesale Stores	12
Winery Equipment	12
Woodworking Shops M and E	8
X-Ray Equipment	12
*If acquisition cost and age of service station equipment are not available, see Chapter 9, Table 907.D-4 for alternative assessment procedure.

B. Cost Indices

Table 2503.B Cost Indices
Year	Age	National Average 1926 = 100	January 1, 2023 = 100*
2023	1	2257.4	0.994
2022	2	2218.3	1.012
2021	3	1888.1	1.189
2020	4	1736.4	1.292
2019	5	1727.8	1.299
2018	6	1667.7	1.346
2017	7	1612.2	1.392
2016	8	1580.9	1.420
2015	9	1593.7	1.408
2014	10	1578.8	1.421
2013	11	1558.7	1.440
2012	12	1545.9	1.452
2011	13	1503.2	1.493
2010	14	1457.4	1.540
2009	15	1468.6	1.528
2008	16	1427.3	1.572
2007	17	1373.3	1.634
2006	18	1302.3	1.723
2005	19	1244.5	1.803
2004	20	1157.3	1.939
2003	21	1118.6	2.006
2002	22	1100.0	2.040
2001	23	1093.4	2.052
2000	24	1084.3	2.070
1999	25	1065.0	2.107
1998	26	1061.8	2.114
1997	27	1052.7	2.132
1996	28	1036.0	2.166
1995	29	1020.4	2.199
1994	30	985.0	2.278
1993	31	958.0	2.343

*Reappraisal Date: January 1, 2023 - 2244.2 (Base Year)

C. Percent Good

Table 2503.C Percent Good
Age	3 Yr	5 Yr	6 Yr	8 Yr	10 Yr	12 Yr	15 Yr	20 Yr	25 Yr	30 Yr
1	.70	.85	.87	.90	.92	.94	.95	.97	.98	.98
2	.49	.69	.73	.79	.84	.87	.90	.93	.95	.97
3	.34	.52	.57	.67	.76	.80	.85	.90	.93	.95
4	.16	.34	.41	.54	.67	.73	.79	.86	.90	.93
5		.23	.30	.43	.58	.66	.73	.82	.87	.91
6		.18	.19	.33	.49	.58	.68	.78	.84	.89
7			.18	.26	.39	.50	.62	.74	.81	.86
8				.22	.30	.43	.55	.70	.78	.84
9				.20	.24	.36	.49	.65	.75	.82
10					.21	.29	.43	.60	.71	.79
11					.20	.24	.37	.55	.68	.76
12						.22	.31	.50	.64	.74
13						.20	.26	.45	.60	.71
14							.23	.40	.56	.68
15							.21	.35	.52	.65
16							.20	.31	.48	.61
17								.27	.44	.58
18								.24	.39	.54
19								.22	.34	.51
20								.21	.30	.47
21								.20	.28	.44
22									.26	.40
23									.24	.37
24									.20	.34
25									.20	.31
26									.20	.28
27										.26
28										.23
29										.21
30										.20
31										.20

D. Composite Multipliers 2024 (2025 Orleans Parish)

Table 2503.D Composite Multipliers 2024 (2025 Orleans Parish)
Age	3 Yr	5 Yr	6 Yr	8 Yr	10 Yr	12 Yr	15 Yr	20 Yr	25 Yr	30 Yr
1	.70	.84	.86	.89	.91	.93	.94	.96	.97	.97
2	.50	.70	.74	.80	.85	.88	.91	.94	.96	.98
3	.40	.62	.68	.80	.90	.95	1.01	1.07	1.11	1.13
4	.21	.44	.53	.70	.87	.94	1.02	1.11	1.16	1.20
5		.30	.39	.56	.75	.86	.95	1.07	1.13	1.18
6		.24	.26	.44	.66	.78	.92	1.05	1.13	1.20
7			.25	.36	.54	.70	.86	1.03	1.13	1.20
8				.31	.43	.61	.78	.99	1.11	1.19
9				.28	.34	.51	.69	.92	1.06	1.15
10					.30	.41	.61	.85	1.01	1.12
11					.29	.35	.53	.79	.98	1.09
12						.32	.45	.73	.93	1.07
13						.30	.39	.67	.90	1.06
14							.35	.62	.86	1.05
15							.32	.53	.79	.99
16							.31	.49	.75	.96
17								.44	.72	.95
18								.41	.67	.93
19								.40	.61	.92
20								.41	.58	.91
21								.40	.56	.88
22									.53	.82
23									.49	.76
24									.41	.70
25									.42	.65
26									.42	.59
27										.55
28										.50
29										.46
30										.46
31										.47

1. Data sources for tables are:

a. Cost Index-Marshall and Swift Publication Co.;

b. Percent Good-Marshall and Swift Publication Co.;

c. Average Economic Life-various.

La. Admin. Code tit. 61, § V-2503

Promulgated by the Department of Revenue and Taxation, Tax Commission, LR 8:102 (February 1982), amended LR 9:69 (February 1983), LR 10:944 (November 1984), LR 12:36 (January 1986), LR 13:188 (March 1987), LR 13:764 (December 1987), LR 14:872 (December 1988), LR 15:1097 (December 1989), LR 16:1063 (December 1990), LR 17:1213 (December 1991), LR 19:212 (February 1993), LR 20:198 (February 1994), LR 21:186 (February 1995), LR 22:117 (February 1996), LR 23:207 (February 1997), amended by the Department of Revenue, Tax Commission, LR 24:490 (March 1998), LR 25:317 (February 1999), LR 26:509 (March 2000), LR 27:427 (March 2001), LR 28:520 (March 2002), LR 29:370 (March 2003), LR 30:489 (March 2004), LR 31:719 (March 2005), LR 32:433 (March 2006), LR 33:496 (March 2007), LR 34:686 (April 2008), LR 35:500 (March 2009), LR 36:780 (April 2010), amended by the Division of Administration, Tax Commission, LR 37:1402 (May 2011), LR 38:810 (March 2012), LR 39:497 (March 2013), LR 40:538 (March 2014), LR 41:681 (April 2015), LR 42:750 (May 2016), LR 43:656 (April 2017), LR 44:584 (March 2018), LR 45538 (4/1/2019), Amended LR 46564 (4/1/2020), Amended LR 47470 (4/1/2021), Amended LR 481528 (6/1/2022), Amended LR 491061 (6/1/2023), Amended LR 50, exp. 4/30/2024(Emergency), Amended LR 50384 (3/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:1837 and R.S. 47:2323.