Form 3991, Page 2
TABLE 1: Gas Turbine Equipment
TABLE 2: Diesel Electric Generator Equipment
Assessor's
Assessor's
Year
Original Cost
Year
Original Cost
Calculations
Calculations
2012
2012
0.82
0.92
2011
2011
0.91
0.82
2010
2010
0.92
0.72
2009
2009
0.96
0.64
2008
2008
1.00
0.56
2007
2007
1.11
0.53
2006
2006
1.25
0.50
2005
2005
1.26
0.48
2004
2004
1.19
0.46
2003
2003
1.13
0.44
2002
2002
1.12
0.43
2001
2001
1.12
0.41
2000
2000
1.08
0.41
1999
1999
0.84
0.40
1998
1998
0.61
0.39
1997
1997
0.60
0.38
1996
1996
0.57
0.38
1995
1995
0.56
0.37
1994
1994
0.54
0.36
1993
1993
0.49
0.35
1992
1992
0.46
0.35
1991
1991
0.45
0.34
1990
1990
0.42
0.33
1989
1989
0.39
0.32
1988
1988
0.39
0.32
1987
1987
0.42
0.31
1986
1986
0.41
0.30
1985
1985
0.37
0.29
1984
1984
0.32
0.29
1983
1983
0.28
0.28
1982
1982
0.24
0.27
1981
1981
0.20
0.25
1980
1980
0.17
0.25
Prior
1979
0.11
0.25
TOTALS B1
B2
1978
0.06
1977
0.10
COST TOTAL (for page 2).
1976
0.10
Taxpayer: Add Cost Total of Table 1 or 2, as applicable.
1975
0.10
Enter total here and carry to line 6a on page 1.
Prior
0.10
TRUE CASH VALUE TOTAL (for page 2).
TOTALS A1
A2
Assessor: Add True Cash Value Total of Table 1 or 2, as applicable.
Enter total here and carry to line 6b on page 1.
The above multipliers are to be applied to original acquisition costs to arrive at an indication of true cash value by the replacement cost less
depreciation approach to value. These tables account for physical deterioration and normal obsolescence. They do not account for extraordinary
obsolescence.
The above diesel multipliers are not to be used in those instances where gas turbine units are not feasible because of insufficient supplies of natural
gas. In those cases, the assessor/appraiser should apply the single cycle gas turbine multipliers to the original acquisition costs of the diesel electric
generator.Some diesel electric generators have experienced greatly reduced usage and may be used only for emergency situations. This may be the
case with respect to older units which were originally used for 24-hour operation and located in rural areas. In such instances, the assessor/appraiser
should consider a further valuation allowance not to exceed 50%.
EXCERPT FROM THE GENERAL PROPERTY TAX ACT
211.19 (3) If a supervisor, an assessing officer, a county tax or equalization department provided for in section 34, or the state tax commission
considers it necessary to require from any person a statement of real property assessable to that person, it shall notify the person, and that person shall
submit the statement.
CERTIFICATION - I hereby declare that the above is a complete and true statement
Date
Signature of Owner
(Preparer or Agent)