How is the assessed value of my programmable computer equipment computed? How is the tax calculated?
A. The assessed value is determined by a set percentage (based on the year of purchase) of the original capitalized cost of each item. These percentages are on the front of the return titled Part 2: Programmable Computer Equipment. For example, computer equipment placed in service in the previous calendar year is assessed at 65% of its original capitalized cost. For the calendar year before that, at 45%; for the year before, at 30%; then at 10% for all previous years until it is no longer in service. The tax is then computed by multiplying the total assessed value by the tax rate. The current tax rate is $5.00 per $100 of assessed value.
