How to Determine the Value of Individual Personal Property
Personal property can be defined as any property you own except real property. This means that your home and land are not considered personal property. Items that are considered personal property include vehicles, household equipment, jewelry and antiques. A valuation guide is one way to determine the value of personal property.
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Instructions
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Visit the National Automobile Dealers Association's NADA Guides website (see Resources) if you need to value a vehicle, boat, classic car, RV, motorcycle or manufactured home. You can also get a written appraisal if you prefer to have a professional look at the personal property.
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Go to the Gem Val website (see Resources) if you have some gemstone jewelry to value. You can also visit a local jeweler to have your jewelry professionally appraised.
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Use the Kovels website (see Resources) to value antiques and collectibles. If you have a specialty item or just want a second opinion, you can consult with a professional appraiser in your area.
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Get the value of equipment from the Used Price website (see Resources). You can look up the value of computer equipment, musical instruments, guns, audio equipment, televisions and other home electronics, vintage musical instruments, camera equipment, professional sound equipment, power tools, copiers, car stereo equipment and video game consoles and accessories.
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Go to some local used-goods and secondhand stores to look for items similar to the personal property items that you cannot find a value guide for. If you find something that is similar, you can use the sales price as the value amount.
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