Think of a chattel appraisal as an investment with an average annual ROI of 125% - 250% for five years.
The average value of personal property found in a 1500 sq. ft house is $15,000-$25,000. The first year’s taxable income is reduced by $3000 - $5000.
If you’re in the 25% tax bracket, that equates to a $750 - $1250 net savings on your tax bill this year. Investing should always be this easy!
Property Type
Appraisal Cost
Condo
$595
SFR/Townhome under 2000 sq. ft
$695
SFR/Townhome over 2000 sq. ft
$745
Duplex
$900
Triplex
$1125
Fourplex
$1300
Multi-Unit pricing on request
* Disclaimer*
No Federal or state tax advice is provided. You may not rely on the following examples. Instead, you should seek advice from an independent tax advisor in order to receive tax advice that is based on your particular circumstances.
