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Defined Value

Defined ValueDefined ValueDefined Value

Personal Property Appraisals 


Defined Value

Defined ValueDefined ValueDefined Value

Personal Property Appraisals 


Welcome

  

Defined Value provides comprehensive appraisal services for:

  • Insurance coverage and claims
  • IRS non-cash charitable contributions
  • Estate tax and probate matters
  • Business liquidation and asset disposition
  • Equitable distribution and division      of assets
  • Personal knowledge and market insight

From silver to art to watches to designer furnishings...

Explore the worth of your possessions. Defined Value utilizes a broad scope of experience and intensive research to provide evidence-based appraisals on a wide range of household contents such as antiques, art, and furniture.  Daily engagement in auction results, industry periodicals, ongoing coursework, current interior design trends and estate sales enable defining the evolving nature of value. 


Education, education, education

As Accredited Members of the International Society of Appraisers, our appraisers are trained and compliant with all USPAP guidelines and the principles and the procedures for the evaluation and valuation of personal property as prescribed by the current version of the International Society of Appraisers Appraisal Report Writing Standard and Code of Ethics.


Consultation and Sales

We also provide consultation services for the sale of personal property. From advising on appropriate markets and timing to recommending auction houses, private sale opportunities, or dealer placements, we guide clients through the disposition process strategically and discreetly.

About us

Luke Ross is an Accredited Member of the International Society of Appraisers, specializing in Fine Art. With a strong research background and a master’s degree in Criminology from University College Cork, Ireland, he is now pursuing a Criminal Justice MBA at American Military University.

Mary Ross is an Accredited Member of the International Society of Appraisers with both a Fine Art Specialty and Antiques, Furniture + Decorative Arts Specialty. As a Dallas native, she has longstanding relationships with the local brain trust of personal property specialists. She is a Highland Park High School and University of Texas graduate with a degree in Economics. Mary is enjoying the current location of Defined Value, surrounded by the energetic live/work community of the Dallas Design District. 

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Defined Value by appointment

Located in Dallas, TX

Contact maryross@defined-value.com 

Good Treasure/Bad Treasure

Good Treasure/Bad Treasure. That was the game I played with my sons when I wanted them to participate in cleaning out the unused, worn out toys in their rooms. Focusing on one toy at a time, they divided the Good Treasure and the Bad Treasure and soon there was room to reload. My hope is to share knowledge that helps you find your Good Treasure!   

Charitable Contributions

  

Donations of noncash personal property to qualifying charities may be eligible for a tax deduction. IRS Revenue Procedure 66-49, Treasury Regulation §1.170A-16-17, IRS Publication 526 (Charitable Contributions), IRS Publication 561 (Determining the Value of Donated Property) and IRS Form 8283 (Noncash Charitable Contributions) provide guidance. See the graph below for the requirements for different Fair Market Value donation amounts. And the link below for Publication 561. 

https://www.irs.gov/pub/irs-pdf/p561.pdf

Federal Estate Tax Appraisals

Federal Estate Tax applies to the transfer of property at death which includes all property, real and personal, tangible and intangible, wherever situated. Federal Estate Tax law fluctuates, but the methodology for determining Fair Market Value remains consistent. For guidance, refer to IRS Form 706 (United States Estate Tax Return), IRS Publication 950 (Introduction to Estate and Gift Taxes, and IRS Revenue Procedure 66-49 (Appraisal Guidelines and Formats).

File coming soon.

IRS Forms

Form 8283 is needed for Non-Cash Charitable Contributions. Form 706 is needed for Estate Tax Appraisals. 

IRS Form 8283 (pdf)

Download

IRS Form 706 (pdf)

Download

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