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Billboard Structures
Valuation Guide
2017
(Effective for Tax Year 2017)North Carolina Department of Revenue
Local Government Division
Property Tax SectionOverview
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How to fill out billboard valuation guide
How to fill out billboard valuation guide
01
To fill out the billboard valuation guide, follow these steps:
02
Gather all relevant information about the billboard, such as its location, size, visibility, and condition.
03
Determine the target audience and market for the billboard.
04
Research the demand for outdoor advertising in the specific area where the billboard is located.
05
Assess the competition and market dynamics for similar billboards in the vicinity.
06
Evaluate the impact and effectiveness of the billboard in reaching the target audience.
07
Analyze the revenue potential of the billboard by considering factors like rental rates, occupancy rates, and advertising demand.
08
Take into account any legal or regulatory restrictions that may affect the value of the billboard.
09
Consider the future growth potential and market trends that could impact the value of the billboard.
10
Calculate the overall value of the billboard based on the gathered information and analysis.
11
Fill out the valuation guide with the calculated value and any supporting documentation or analysis.
12
Review and validate the filled-out valuation guide for accuracy and completeness.
Who needs billboard valuation guide?
01
The following entities may need the billboard valuation guide:
02
- Billboard owners who want to assess the value of their assets for potential sale or rent.
03
- Real estate agents or brokers dealing with outdoor advertising properties.
04
- Investors or financial institutions considering investments in outdoor advertising.
05
- Advertising agencies or companies looking to evaluate the cost-effectiveness of billboard advertising.
06
- Government agencies or regulatory bodies involved in outdoor advertising regulations and policies.
07
- Market researchers or analysts studying the outdoor advertising industry.
08
- Legal professionals handling cases involving billboard valuation disputes or transactions.
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What is billboard valuation guide?
The billboard valuation guide is a document that outlines the value of billboards for property tax purposes.
Who is required to file billboard valuation guide?
Property owners who have billboards on their land are required to file the billboard valuation guide.
How to fill out billboard valuation guide?
The billboard valuation guide can be filled out by providing information such as the location of the billboards, their size, and the estimated value.
What is the purpose of billboard valuation guide?
The purpose of the billboard valuation guide is to help assess the value of billboards for taxation purposes.
What information must be reported on billboard valuation guide?
Information such as the location of the billboards, their size, and their estimated value must be reported on the billboard valuation guide.
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