San Diego Housing Market News and Analysis
Chattel Appraisal Depreciation
User Forum Topic
Submitted by greekfire on April 19, 2007 - 9:48pm
Surveyor had made a post on a different topic about chattel appraisal deductions, so I decided to do some quick research on it and open up the floor for more discussion.
This is one of the links that I came across: http://www.chattelservice.com/pag_cms_id...
In a nutshell, chattel pertains to those items that a landlord owns but aren't actual real estate property, such as refrigerators, water heaters, etc. These items can be cataloged (serial # and description), appraised, and depreciated at an accelerated rate, which translates into additional tax savings for the landlords.
This is all I have for now. Anyone else have more insight on this?
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