Personal property is defined as, “That property which is not a part of or a fixture to land or improvements in that it can be moved without damage to itself or the real property.”
K.S.A. 79-303 states, “Every person, association, company or corporation who owns or holds, subject to his or her control, any taxable personal property is required by law to list the property for assessment.”
If any person, association, company or corporation has in their possession or custody any taxable personal property belonging to others, it shall be their duty to list the property with the appraiser in the name of the owner of the property.
Items that should be reported are:
o Trucks and pickups tagged at 16,000 pounds or more.
o Cars, trucks, pickups and motorcycles with expired tags.
o Mopeds, 3 & 4-wheelers, snowmobiles, gold carts and dune buggies.
o Travel trailers, camping trailers and fifth-wheels that are NOT SELF-CONTAINED.
o Flatbed and utility trailers.
o Boats, boat motors, boat trailers and boat cradles.
o Construction equipment.
o Business machinery and equipment.
Assessment sheets are mailed, as a courtesy, each January to owners who currently list items of personal property. Be sure and contact our office immediately if you do not receive an assessment sheet and feel you should have. Our phone number for personal property questions is (785)282-5100. First time filers, especially businesses, are encouraged to contact our office for assistance. This can save both the property owner and the county time.
K.S.A.79-306 requires all taxable personal property to be listed, by a taxpayer, on a rendition (also referred to as a “statement”) and filed with the County Appraiser on or before March 15th of each year, or the next following business day, if such date falls on a day other than a regular business day. Oil and gas renditions are to be filed on or before April 1st.
The County Appraiser may extend the March 15th deadline if the taxpayer submits a request in writing, stating just and adequate reasons for the extension, and is received by the County Appraiser on or before the March 15th due date, April 1st for oil and gas rendition.
If personal property is not listed or if a rendition is untimely filed, the County Appraiser is required by law to apply any applicable penalties. These penalties are set forth in K.S.A. 79-1422 and K.S.A. 79-1427(a) as follows:
March 16 – April 15: 5% penalty
April 16 – May 15: 10% penalty
May 16 – June 15: 15% penalty
June 16 – July 15: 20% penalty
July 16 –March the following year: 25% penalty
Failure to file: 50% penalty
Article II, Section I of The Kansas Constitution provides that: Tangible personal property shall be classified into six subclasses and assessed uniformly by subclass at the following assessment percentages:
1) Manufactured homes used for residential purposes----11.5%. *
2) Mineral leasehold interests, except oil leasehold interests the average daily production from which is five barrels or less, and natural gas leasehold interests the average daily production from which is 100 mcf or less----25% otherwise----30%.
3) Public utility tangible personal property including inventories thereof, except railroad personal property, including inventories thereof, which shall be assessed at the average rate all other commercial and industrial property is assessed----33%.
4) All categories of motor vehicles not defined and specifically valued and taxed pursuant to law enacted prior to 1985----30%.
5) Commercial and industrial machinery and equipment which, if its economic life is seven years or more, shall be valued at its retail cost when new less seven-year straight-line depreciation, or which, if its economic life is less than seven years, shall be valued at its retail cost when new less straight-line depreciation over its economic life, except that, the value so obtained for such property, notwithstanding its economic life and, as long as such property is being used, shall not be less than 20% of the retail cost when new of such property, otherwise----25%.
6) All other tangible personal property not otherwise specifically classified----30%.
* The same as manufactured homes considered as real property.