LAC 61:V.2503. Tables Ascertaining Economic Lives, Percent Good and Composite Multipliers of Business and Industrial Personal Property

A. Suggested Guideline For Ascertaining Economic Lives of Business and Industrial Personal Property. The following alphabetical list includes most of the principal activities and types of machinery and equipment used in business throughout this state. The years shown represent an estimate of the average economic life of the equipment as experienced by the particular business or industry. The actual economic life of the assets of the business under appraisal may be more or less than the guidelines shown. The assessor must use his best judgment in consultation with the property owner in establishing the economic life of the property under appraisal. 1. Suggested Guidelines for Ascertaining Economic Lives of Business and Industrial Personal Property Table 2503.A Business Activity/Type of Equipment | Average Economic Life in Years Agricultural Machinery and Equipment Feed Mill Equipment (Production Line) | 10 20 Air Conditioning and Heat Repair | 10 Air Conditioning Single Room Unit | 8 Aircraft Parts Mfg. M and E | 12 All Terrain Vehicles | 10 Aluminum Industry M and E | 20 Amusement Devices (Music, Pinball Mach., etc.) | 12 VCR and DVD Players | 5 Video Games | 3 Video Poker Gaming Equipment | 5 Inflatable Air Bouncers | 5 Amusement and Theme Parks | 12 Antenna (ex. Mounted on Towers) for Telephone Cellular and CATV, etc. | 8 Apparel Mfg. M and E | 20 Auto Parts Retail | 10 Auto Quick Service | 10 Auto Repair M and E | 8 Diagnostic Equipment (Electronic) | 5 Small Tools | 5 Bakeries Industrial (i.e., Holsum, Sunbeam Bread) | 20 Commercial (i.e., Albertson's, Mom and Pop, etc.) | 12 Bank F nd F | 12 Bank Safety Deposit Boxes | 25 Banks Alarm Systems | 5 Automatic Teller Machines (ATM's) | 8 Furniture and Fixtures | 12 Safety Deposit Boxes | 25 Vault Doors | 25 Video Equipment | 5 Encoders | 10 Barber and Beauty Shops | 10 Tanning Beds | 10 Billboards, Poster Panels and Bulletin Boards | 15 Bleach Mfg. M and E | 12 Blueprinting, Photostating, Mimeographing and Lithographing (non-electronic) | 10 Boat Molds (fiberglass) | 8 Book Bindery | 12 Bottling and Soft Drinks Mfg. M and E | 20 Bowling Lanes | 12 Automatic Pinsetters and Other M and E | 10 Brewing and Distilling M and E | 20 Butcher Shops | 12 C.A.T.V. Equipment Headend Active (Equipment and Tower) | 8 House Drops and Converters | 3 P and E (Distribution) | 10 Test Equipment and Tools | 5 Tower | 20 Cabinet Shop M and E | 8 Candy and Confections Mfg. M and E | 12 Cannery M and E | 20 Car Wash (5 min. and coin-op) | 10 Carbon Capture, Utilization and Sequestration* Carbon Capture Equipment Equipment Utilizing Captured Carbon to Make Products Equipment Related to Permanent Sequestration of Captured Carbon (See Chapter 13 for CCUS pipelines and §2501.E for CCS wells) * As carbon capture, utilization and sequestration (CCUS) property is a new category of property in this Chapter beginning 2025, rules related to CCUS are intended to be applicable until additional sufficient information becomes available from operations and/or market data to support revised rules. | 15 15 15 Cash Registers and Scanners (also see Supermarkets) | 5 Cellular/PCS Antennas | 5 Cellular/PCS Telephone Handsets | 3 Electronics | 5 Leasehold Improvements | 15 Power and Batteries | 5 Software | 3 Switching | 5 Towers—Cellular/PCS and Microwave | 20 Transmission | 5 Cement, Clay and Brick Prods. Mfg. M and E | 20 Chemical Industry M and E | 15 Chiropractic Equipment | 10 Clothing Mfg. M and E | 20 Cocktail and Beer Bars | 10 Coin-op Machines | 10 Cold Storage Warehouse Equipment | 12 Compressors (General Business Assets Only) | 12 Computers Desktops | 3 Handhelds | 3 Laptops | 3 Main Frame | 5 Midrange | 5 Peripherals | 3 Personal Computers | 3 Servers | 5 Concrete Products M and E | 20 Construction M and E Cranes, Crawler | 20 General Construction | 10 Asphalt Plants Portable | 10 Stationary | 12 Land Clearing Marine Construction Ships and Vessels | 20 Pleasure Craft | 12 Mobile Telescopic | 8 Road Construction (heavy) | 10 Rock Crushing Portable | 10 Stationary | 12 Sewer and Utilities | 10 Well Drilling (other than O and G) | 10 Container Mfg. M and E | 20 Converters (Residential Type) | 3 Coolers (walk-in) | 3 Coolers Water (Installed/Water Fountain) | 10 Water (Portable) | 5 Water Bottles (5 gallon) | 3 Copy Machines | 3 Costumes (rental) | 5 Cotton Gins | 12 Cranes (crawler) | 20 Credit Card Machine (In Store Swipe-Type) | 5 Credit Card Machines (See Supermarket POS) Dairy Processing M and E | 20 Day Care (Exclude Office, Kitchen and Computer Assets) | 5 Dental Equipment | 12 Department Store Furniture and Equip. | 12 Dies and Molds | 10 Digital Cameras & Recorders | 5 Dispensing Machinery (coin-op) | 10 Distilling and Brewing M and E | 20 Doctors, Dentists and Professional Equip. | 12 Drug Store F and F | 12 Dry Cleaning and Laundry M and E (Except coin-op) | 12 (Coin-op) | 5 Electrical Generating Gas and Diesel | 10 Steam | 25 Electrical Mfg. M and E | 15 Electrical Transmission and Distribution | 25 Electronic Equipment | 5 Electronic Mfg. Equip. | 8 Feedmill M and E | 12 Fertilizer Applicators | 10 Fertilizer Mfg. M and E | 8 Fiberglass Molds | 8 Fish Processing M and E | 20 Fitness Equipment Manual | 8 Electronic | 5 Florist Retail (Except Computers and Other Office Equipment) | 8 Flour, Cereal and Grain Milling | 20 Food Processing M and E | 20 Forklifts Inside | 12 Outside | 10 Foundry M amd E | 20 Fruit Bins and Cargo Pallets | 10 Gaming Equipment Casino Equipment (see riverboat casinos) Electronic, Slots or Computers | 5 Lotto Machines | 3 Mechanical, Slots | 10 All Other Gaming Equipment | 15 Garage M and E | 8 General Contractor M and E | 8 Golf Carts | 8 Golf Course Equip. | 10 Golf Course Tractors | 12 GPS Receivers (Hand Held) | 3 Greenhouse and Nursery M&E | 10 Grocery Store F and F | 12 Grocery Store Walk-In Coolers | 12 Hardware Store F and F | 12 Hatchery M and E | 10 Health Spa Equip. | 10 Hospital and Nursing Home Equipment | 12 High Tech (Computer Driven) Equipment | 5 Hotel F and F | 10 Ice Cream Cabinets | 10 Ice and Refrigeration M and E | 20 Iron and Steel Industry M and E | 25 Janitorial Service M and E | 10 Jewelry Store F and F and Equip. | 12 Key Duplication Equip. | 10 Laboratory Equip. (non-electronic) | 12 Landscaping M and E | 10 Laundry and Dry Cleaning M and E (Except Coin-op) | 12 (Coin-op) | 5 Leather Products Mfg. M and E | 20 Libraries (professional) | 15 Lift Trucks (See Forklift) Lumber and Wood Products Industry Logging M and E | 10 Log Stackers | 10 Pulp, Paper and Paperboard M and E | 20 Plywood and Veneer M and E | 20 Scarifying M and E | 10 Sawmills Portable | 12 Stationary | 20 Shake and Shingle Mills Portable | 12 Stationary | 20 Machine Shop M and E (Maintenance) | 8 Machine Shop M and E (Production) | 8 Mailing Machines | 10 Meat Packing M and E | 12 Meat Processing M&E (complex) | 20 Medical Equipment | 12 Computer Driven | 5 Metal Fabrication and Extrusion Mfg. M and E | 20 Metal Sheet Fabrication | 8 Mining, Milling and Quarry M and E | 10 Mobile Yard Equipment | 10 Modular Office Buildings (portable) | 15 Mortuary Service Equip. | 12 Motel Furniture and Equipment | 10 Movie (Film Making) | 8 Music Instruments (rental) | 8 Music Studio Recording Equipment | 5 Music Systems (Background) | 5 Neon Signs | 10 Newspaper M and E Press | 15 Photographic | 10 Other M and E | 15 Nursing Home Equipment | 12 Mattresses | 3 Nursing and Greenhouse M and E | 10 Office Computers | 5 Office Copy Machines | 8 Office Copy Machines, Faxes and Printers | 3 Office Electronic Machines | 5 Office F and F | 12 Office Mailing Machines | 10 Office Safes | 25 Oilfield Rental Tanks | 15 Outdoor Advertising Structures (see Signs) Oxygen and Acetylene Tanks | 25 P.A. Systems | 10 Packing and Sorting M and E (fruit, veg., etc.) | 12 Paint and Varnish Mfg. M and E | 12 Pallets, Crates, Lugs, Bins, etc. | 10 Petroleum Products Industry Bulk Station Equip. | 25 Refining M and E | 20 Service Station Equip.* | 10 Photography Equipment | 8 One Hour Photoprocessing Equipment | 8 Plastic Extrusion Equipment | 12 Plastic Illuminated Signs | 10 Plumbing Shop Equipment | 8 Plywood and Veneer Mfg. M and E | 20 Pollution Control M and E | 15 Pool Hall Equipment | 125 Poultry Plants M and E | 12 Portalets | 5 Power and Generation M and E Gas and Diesel | 10 Steam | 25 Printing and Publishing Equip.(see Newspaper) Professional Equipment Scientific, Doctors, Dentists, etc. | 12 Libraries | 15 Propane Tanks | 25 Pulp and Paper Mfg. M and E | 20 Radio and Television Broadcasting Equipment | 8 C.A.T.V. (Cable System) | 10 Digital Radio Equipment | 5 Recording Equipment | 8 Service and Repair Equipment | 10 Towers | 20 RadioTelephone Equip.2-Way | 10 Rental Equipment Public U-Rent (except heavy equipment) | 5 Tuxedos | 5 Linens | 3 Video Tape, DVD and Game Rental | 3 Research and Development M and E | 3 Restaurants, Soda Fountains and Drive-Ins | 10 Retail Stores F and F | 12 Riverboat Casinos Required to cruise | 15 Dockside on a permanent basis | 20 Rock Crushers (See: Construction) Salt Dome Storage Wells and Caverns (LDNR Class II Type 10, 11-L or 11-N) | 30 Sawmills (See: Lumber) Scaffolding (rental) | 10 Search Lights | 10 Service Station Equipment* | 10 Sewer Construction Equip. | 10 Sewing Equipment | 12 Sheet Metal Fabrication | 8 Shipbuilding (see Construction) Shoes and Leather Prods. Mfg. M and E | 20 Shipyards (see Construction) Signs Bulletin Boards | 15 Billboards | 15 Neon | 10 Plastic Illuminated | 10 Poster Panels | 15 Electronic Three-sided Billboard | 10 Small Toolsperishable | 5 Smelting M&E | 20 Soft Drink Mfg. M and E (batch) | 20 Solar Farm Panels Racking Controls/Electronics Tracking/Motors Inverters Feeder Lines O and M Facility Fencing | 25 20 5 10 10 20 25 15 Storage Buildings (portable) | 10 Stores Retail | 12 Wholesale | 12 Sugar Cane Refining M and E | 20 Supermarkets Cash Register Scanners | 5 PA Systems (Public Address) | 5 POS Computer Systems | 3 Walk-In Coolers | 12 Surveying Equipment (also see Professional Equipment) | 8 Tavern and Bar Equipment | 10 Telecommunications Equipment (electronic) | 8 Fiber Optic Cable (buried) | 15 Fiber Optic Cable (exposed) | 8 Telephone and Intercom Systems Electronic | 8 Manual (non-electronic) | 10 Television and Radio (see Radio) Textile, Tent and Awning Mfg. M and E | 20 Theater Projection Equipment | 8 F and F | 15 Tire Recapping Equipment | 12 Toilets, portable | 12 Towers Cellular | 20 Microwave | 20 Tuxedo Rental | 5 Unlicensed Vehicles | 10 Upholstery Equipment | 10 VCR and DVD Equipment (If Rental Units, see Rental) | 5 Vending Machines | 10 Video Games | 3 Video Poker Gaming Equipment | 5 Warehouse Equipment | 12 Water Systems | 12 Welding Shop Equipment | 12 Wholesale Stores | 12 Winery Equipment | 12 Woodworking Shops M and E | 8 X-Ray Equipment | 12 *If acquisition cost and age of service station equipment are not available, see Chapter 9, Table 907.C-4 for alternative assessment procedure. B. Cost Indices Table 2503.B Cost Indices Year | Age | National Average 1926 = 100 | January 1, 2025 = 100* 2025 | 1 | 2365.2 | 0.977 2024 | 2 | 2289.6 | 1.009 2023 | 3 | 2257.4 | 1.023 2022 | 4 | 2218.3 | 1.041 2021 | 5 | 1888.1 | 1.223 2020 | 6 | 1736.4 | 1.330 2019 | 7 | 1727.8 | 1.337 2018 | 8 | 1667.7 | 1.385 2017 | 9 | 1612.2 | 1.433 2016 | 10 | 1580.9 | 1.461 2015 | 11 | 1593.7 | 1.449 2014 | 12 | 1578.8 | 1.463 2013 | 13 | 1558.7 | 1.482 2012 | 14 | 1545.9 | 1.494 2011 | 15 | 1503.2 | 1.537 2010 | 16 | 1457.4 | 1.585 2009 | 17 | 1468.6 | 1.573 2008 | 18 | 1427.3 | 1.618 2007 | 19 | 1373.3 | 1.682 2006 | 20 | 1302.3 | 1.774 2005 | 21 | 1244.5 | 1.856 2004 | 22 | 1157.3 | 1.996 2003 | 23 | 1118.6 | 2.065 2002 | 24 | 1100.0 | 2.100 2001 | 25 | 1093.4 | 2.112 2000 | 26 | 1084.3 | 2.130 1999 | 27 | 1065.0 | 2.169 1998 | 28 | 1061.8 | 2.175 1997 | 29 | 1052.7 | 2.194 1996 | 30 | 1036.0 | 2.229 1995 | 31 | 1020.4 | 2.264 *Reappraisal Date: January 1, 2025 – 2309.7 (Base Year) C. Percent Good Table 2503.C Percent Good Age | 3 Yr | 5 Yr | 6 Yr | 8 Yr | 10 Yr | 12 Yr | 15 Yr | 20 Yr | 25 Yr | 30 Yr 1 | .70 | .85 | .87 | .90 | .92 | .94 | .95 | .97 | .98 2 | .49 | .69 | .73 | .79 | .84 | .87 | .90 | .93 | .95 | .97 3 | .34 | .52 | .57 | .67 | .76 | .80 | .85 | .90 | .93 | .95 4 | .16 | .34 | .41 | .54 | .67 | .73 | .79 | .86 | .90 | .93 5 | .23 | .30 | .43 | .58 | .66 | .73 | .82 | .87 | .91 6 | .18 | .19 | .33 | .49 | .58 | .68 | .78 | .84 | .89 7 | .18 | .26 | .39 | .50 | .62 | .74 | .81 | .86 8 | .22 | .30 | .43 | .55 | .70 | .78 | .84 9 | .20 | .24 | .36 | .49 | .65 | .75 | .82 10 | .21 | .29 | .43 | .60 | .71 | .79 11 | .20 | .24 | .37 | .55 | .68 | .76 12 | .22 | .31 | .50 | .64 | .74 13 | .20 | .26 | .45 | .60 | .71 14 | .23 | .40 | .56 | .68 15 | .21 | .35 | .52 | .65 16 | .20 | .31 | .48 | .61 17 | .27 | .44 | .58 18 | .24 | .39 | .54 19 | .22 | .34 | .51 20 | .21 | .30 | .47 21 | .20 | .28 | .44 22 | .26 | .40 23 | .24 | .37 24 | .20 | .34 25 | .20 | .31 26 | .20 | .28 27 | .26 28 | .23 29 | .21 30 | .20 31 | .20 D. Composite Multipliers 2026 (2027 Orleans Parish) Table 2503.D Composite Multipliers 2026 (2027 Orleans Parish) Age | 3 Yr | 5 Yr | 6 Yr | 8 Yr | 10 Yr | 12 Yr | 15 Yr | 20 Yr | 25 Yr | 30 Yr 1 | .68 | .83 | .85 | .88 | .90 | .92 | .93 | .95 | .96 2 | .49 | .70 | .74 | .80 | .85 | .88 | .91 | .94 | .96 | .98 3 | .35 | .53 | .58 | .69 | .78 | .82 | .87 | .92 | .95 | .97 4 | .17 | .35 | .43 | .56 | .70 | .76 | .82 | .90 | .94 | .97 5 | .28 | .37 | .53 | .71 | .81 | .89 | 1.00 | 1.06 | 1.11 6 | .24 | .25 | .44 | .65 | .77 | .90 | 1.04 | 1.12 | 1.18 7 | .24 | .35 | .52 | .67 | .83 | .99 | 1.08 | 1.15 8 | .30 | .42 | .60 | .76 | .97 | 1.08 | 1.16 9 | .29 | .34 | .52 | .70 | .93 | 1.07 | 1.18 10 | .31 | .42 | .63 | .88 | 1.04 | 1.15 11 | .29 | .35 | .54 | .80 | .99 | 1.10 12 | .32 | .45 | .73 | .94 | 1.08 13 | .30 | .39 | .67 | .89 | 1.05 14 | .34 | .60 | .84 | 1.02 15 | .32 | .54 | .80 | 1.00 16 | .32 | .49 | .76 | .97 17 | .42 | .69 | .91 18 | .39 | .63 | .87 19 | .37 | .57 | .86 20 | .37 | .53 | .83 21 | .37 | .52 | .82 22 | .52 | .80 23 | .50 | .76 24 | .42 | .71 25 | .42 | .65 26 | .43 | .60 27 | .56 28 | .50 29 | .46 30 | .45 31 | .45 1. Data sources for tables are: a. Cost Index―Marshall and Swift Publication Co.; b. Percent Good―Marshall and Swift Publication Co.; c. Average Economic Life―various. E. Values for Carbon Sequestration Wells and Related Wells* Table 2503.E Values for Carbon Sequestration Wells and Related Wells* Location | Average Depth (feet) | Value Per Foot ($) Onshore | 1 - 1,499 | 0.50 Onshore | 1,500 - 2,499 | 0.75 Onshore | 2,500 - 9,999 | 1.00 Onshore | 10,000 - or greater | 1.50 Offshore | All Depths | 2.00 *Applicable to carbon sequestration wells, monitoring wells, and related service* wells.