I just got a tax bill from the county revenue dept. advising me that my 21 year old RV-4 is worth $55,000 and that I owe nearly $500 in personal property tax on it. When I told them I had bought the airplane in 2005 for $40,000 and that in the current market I probably couldn't get more than $35,000 for it, they said that their value will stand unless I have an appraisal done that shows its value is less than $55,000. Can anyone advise me where I can get an aircraft appraised, and how much it costs?
Jack in NC
Jack in NC