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Associations |
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| What is personal property?
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A key
characteristic of personal property is the ability to move it
without damage either to the property or the real estate to
which it is attached. Personal property becomes real property
only if it is affixed in such a way that it loses its original
physical character and cannot practically be restored to its
original condition. Personal property may be leased, loaded,
rented, consigned, or owned. |
| What is business personal property? |
Business personal property would include all equipment,
machinery, tools, office equipment and furniture used to produce
income or is depreciated for income tax, whether located in an
office or an individual’s home. |
| Are there exemptions to business
personal property? |
Since
January 1, 2003 a business personal property item with retail
cost when new of $400.00 or less and is not used in conjunction
with other goods in order to serve a purpose is exempt from
taxation. For example if a taxpayer lists a “computer keyboard”
as a line item on the rendition, the computer keyboard cannot
serve its purpose without the remainder of the computer system.
Therefore, the keyboard would not be exempt. |
| What about non-profits? |
Non-profit organizations need to file with the State Board of
Tax Appeals to receive exemption on personal property. |
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TYPES OF
PERSONAL PROPERTY |
Non-highway vehicles, trucks with a 19M or heavier tag, mopeds,
motorcycles that are not tagged, boats, boat motors, boat
trailers, jet skies, jet ski trailers, sailboats, horse
trailers, all other trailers whether tagged or not, snowmobiles,
golf carts, camping trailers that are not classified as RV,
slide-in campers, 4-wheelers, 3-wheelers, airplanes,
helicopters, hot air balloons, manufactured homes that are not
on a permanent foundation, producing oil and gas wells and
equipment used in the operation of an oil or gas well. |
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EXAMPLES OF
BUSINESS PERSONAL PROPERTY |
Telephone systems, security systems, signs, desks and chairs,
shelving and racks, refrigeration units, industrial equipment,
satellite equipment, fax machines, computers, plant machinery,
high loaders, manufacturing equipment, copy machines, postage
machines, storage tanks, tool/dies/molds, sewing machine, salon
equipment, tanning beds, show cases, truck beds, lawn mowers and
car wash equipment. |
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| Who must list property?
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Listing
are determined by Kansas statute. |
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| Who is Personal Property Valued and
Assessed? |
A
Guide. |
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Barton County Appraiser's
Office ¨ 1400 Main - Room 1206 ¨
Great Bend KS 67530 ¨ (620) 793-1821 |
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