Wichita Falls Equipment Appraisal
Heavy equipment valuations in Wichita Falls and Wichita, Archer and Clay counties. Starting at $295.
Wichita Falls equipment appraisal is a certified, machine-by-machine statement of value for the heavy equipment of a business in Wichita, Archer or Clay County. That means a contractor’s excavators, dozers and loaders, an oilfield service company’s trucks and rigs, the semi trucks of a carrier, a plant’s forklifts, and a farm’s tractors, combines and hay balers. Each report is signed by a Certified Machinery and Equipment Appraiser (CMEA) under the Uniform Standards of Professional Appraisal Practice (USPAP).
- Equipment in Wichita Falls, Burkburnett and Henrietta can be valued in one report.
- A desktop appraisal is worked up from photos and records, and no machine has to stop.
- On-site inspection is offered for the lenders and courts that require it.
- Equipment mounted on a truck gets its own line and value when you send its details.
- A firm fee and a delivery date are emailed to you before you order.
- USPAP-compliant
- Signed by a CMEA
- Rated 5.0 on Google
How do I get equipment appraised in Wichita Falls?
1. Describe the equipment
Question one on the form is the type of equipment and the number of pieces.
2. Desktop or on-site, and when
Question two is the kind of appraisal and the city the equipment is in. Question three is your deadline. The last one is the email the quote should go to.
3. Send what the report is built on
Once you approve the quote, send the list with a serial number, a meter reading and photos for every line. For a truck, add whatever is mounted on it.
What should a Wichita Falls equipment owner know first?
- Three districts
- An appraisal district values property for a county’s taxes. Wichita County’s is named the Wichita Appraisal District, on Scott Avenue in Wichita Falls. Archer County has the Archer County Appraisal District in Archer City, and Clay County has the Clay County Appraisal District in Henrietta. The Archer and Clay districts say Pritchard & Abbott, Inc. appraises their mineral, utility and industrial accounts and that they appraise personal property themselves. Wichita Appraisal District
- The rendition and its dates
- The Wichita district’s FAQ describes a rendition as a form giving the description, location, cost and acquisition dates of the business property you own. Texas makes it due April 15. State law allows until May 15 if the owner asks the district in writing by April 15, and the district’s FAQ says the same.
- Factors printed on the form
- The Wichita district prints percent good factors on its rendition form. Percent good is the share of a machine’s cost the district keeps after marking it down for age. The form says the result is one of the things its appraiser weighs, and that an owner with specialized property may contact the district for appropriate factors.
- If you do not file
- The Wichita district’s FAQ says that when no rendition is filed, an appraiser estimates the value from comparable business types. A list with real costs, dates and serial numbers keeps the value tied to your own equipment.
- Turnaround
- Desktop reports are normally delivered within 7 to 10 business days of the last photo and record arriving. A rush for one or two machines takes 24 to 48 hours. If the equipment has to be inspected, allow for the trip.
- Fee
- Starting at $295. The fee grows with the machine count, with an on-site inspection and with a rush order.
What is particular to equipment around Wichita Falls?
A tax form that groups contractor’s equipment with furniture, trucks with equipment mounted on them, and wheat, cotton and hay machinery.
Contractor’s equipment on the Wichita form
The guide on the Wichita district’s rendition form lists contractor’s equipment in the same group as office furniture, retail fixtures and small tools. That group’s factors end at 20 percent of cost for the oldest property on the table. The group whose table is headed Heavy/Manufacturing is for manufacturing, processing, production, oil field service and railroad equipment, and its factors end at 29 percent. The form names no excavator, dozer or crane, and its guide has the owner place each item in a group, so ask the district which group fits yours before you file. The market prices those machines by hours, condition and what a buyer would pay today, and that is the figure an appraisal gives.
Trucks and what is mounted on them
The same form puts semi trucks and trucks of one ton or more in a heavy vehicles group that ends at 23 percent, and its vehicle section has a separate block for special equipment mounted on vehicles. On a winch truck the winch hauls heavy gear aboard, and a vacuum truck draws liquid into a tank. A winch, a tank and pump, or a crane body has a value apart from the truck that carries it. The guide lists oil field service equipment with the group that ends at 29 percent, so ask the district where that equipment belongs when it rides on a truck.
Wheat, cotton and hay machinery
The U.S. Department of Agriculture’s county profiles list wheat, forage and cotton as the top crops by acres in Wichita County, and forage leads in Archer and Clay counties. Forage means hay and similar feed crops. A hay baler’s price follows its bale count and its age. A combine carries a second hour meter for its separator, which threshes the grain, and its price follows both meters and the header, the wide cutting platform on its front, that sells with it. Texas Tax Code section 11.161 exempts from property tax machinery and equipment items used to produce farm or ranch products. The Wichita district’s FAQ, forms page and rendition form are silent on that, so a farm owner should ask before filing.
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What equipment is appraised around Wichita Falls?
Construction, oilfield, trucking, plant and farm equipment in Wichita, Archer and Clay counties. A single machine is fine, and so is a full fleet.
Earthmoving
Excavators, dozers, wheel loaders and motor graders. The hour meter reading belongs on the list.
Oilfield trucks and rigs
Well service rigs, vacuum trucks and winch trucks. A well service rig is a truck-mounted rig for work on an existing well.
Semi trucks and trailers
Semi trucks, dump trucks, mixer trucks, flatbeds and lowboys, the trailers with a deck close to the ground so a machine can drive on. Every unit needs its vehicle identification number (VIN), and each truck needs its odometer reading.
Cranes
Truck cranes, crawler cranes and boom trucks, which are trucks fitted with a crane. Send the inspection report.
Farm machinery
Tractors, combines, cotton harvesters, hay balers and the other hay equipment.
Forklifts
Plant and warehouse forklifts. Hours, capacity and fuel type set most of the price.
Anything else can be described on the form.
What should I ask a Wichita Falls equipment appraiser?
Will they set a market value beside the district’s factors?
The Wichita form has one group that ends at 20 percent, one at 23 and one at 29, and its guide has the owner place each item in a group. Ask the district which group fits each machine before you file, and ask the appraiser to set a market value beside the figure that group gives.
Do they know where a Wichita Falls case is filed?
The district court’s clerk for the Wichita Falls Division has moved to Fort Worth, and the bankruptcy court takes Wichita Falls cases in Dallas. Hearings can still be held on Lamar Street. Tell the appraiser which court set your date, then ask for a delivery date that leaves time for filing.
Will each truck’s mounted equipment get its own line?
The Wichita form asks for special equipment mounted on vehicles in a block of its own. A report that prices the truck and the equipment on it separately gives you a figure for that block and shows a buyer what each part is worth.
Which offices and courts handle a Wichita Falls equipment file?
The appraisal districts. Each of the three counties has its own. When an owner and a district disagree on a value, the owner can file a protest and bring evidence of value to the appraisal review board, a group of private citizens that settles protests. Wichita Appraisal District
The federal courts. Wichita, Archer and Clay counties make up the Wichita Falls Division of the Northern District of Texas. The district court’s page says the division’s clerk has relocated to Fort Worth and that papers for a Wichita Falls case are filed there, on West 10th Street. The courthouse at 1000 Lamar Street is occupied only while court is in session. The bankruptcy court takes Wichita Falls filings at the Earle Cabell Federal Building in Dallas and lists Lamar Street for hearings only.
Lenders and the SBA. All three counties are on the list of the U.S. Small Business Administration (SBA) Dallas/Fort Worth District Office, in Euless. A loan file will name the value it wants. Fair market value is the price two unhurried parties would settle on. Orderly liquidation value assumes the seller has a deadline, and it comes out lower.
What do I send for a Wichita Falls appraisal?
- Your equipment list, giving the year, make and model of each item.
- Serial numbers for machines and the VIN for anything with a title.
- The hour meter or odometer reading for each.
- A line for each piece of equipment mounted on a truck.
- Photos of the machine, the plate and the meter.
- Cost and acquisition date, which the district’s rendition also asks for.
Which towns around Wichita Falls are covered?
Wichita, Archer and Clay counties, including:
- Wichita Falls
- Burkburnett
- Iowa Park
- Electra
- Pleasant Valley
- Cashion Community
- Archer City
- Holliday
- Lakeside City
- Scotland
- Windthorst
- Megargel
- Henrietta
- Petrolia
- Byers
- Bellevue
- Dean
- Jolly
The district court’s clerk for Wichita Falls cases is now in Fort Worth. Fort Worth heavy equipment appraisal
Wichita Falls bankruptcy cases are filed in Dallas. Dallas heavy equipment appraisal
What else do Wichita Falls equipment owners ask?
Who sells heavy equipment, trucks and farm machinery in Wichita Falls?
Warren CAT on Old Jacksboro Highway stocks new Cat equipment and Certified Used machines. Rush Truck Centers on Central East Freeway sells new and used Peterbilt trucks. In Burkburnett, United Ag & Turf lists a John Deere store on South Red River Expressway. Construction Equipment Guide’s dealer directory shows Yellowhouse Machinery Co. on Central Freeway East for John Deere construction equipment.
Is there still a federal clerk’s office in Wichita Falls?
No. The district court’s page says the division’s clerk’s office has moved to Fort Worth and the Wichita Falls courthouse is occupied only while court is in session. The bankruptcy court takes Wichita Falls filings in Dallas.
Do you appraise equipment in Vernon?
Yes. Vernon is in Wilbarger County, which is in the Wichita Falls Division and on the same SBA office’s list. Wilbarger County has an appraisal district of its own.
I am a dealer. What counts as heavy equipment for my inventory?
The Wichita district’s FAQ gives the Tax Code’s definition: self-propelled, self-powered or pull-type equipment, farm equipment and diesel engines included, that weighs at least 1,500 pounds and is meant for agricultural, construction, industrial, maritime, mining or forestry use. Titled or registered motor vehicles are left out. When you order, mark the machines held for sale apart from the ones your business uses.
Request your Wichita Falls equipment appraisal quote
Excavators, dozers, loaders, oilfield trucks, semi trucks, cranes, forklifts, tractors and hay balers in Wichita, Archer and Clay counties, appraised for contractors, fleets, farms, lenders and courts. Four answers on the form, and the quote is emailed to you.