All persons owning, possessing or controlling taxable personal property with a total actual value greater than $7,400 on Jan. 1 are required to report the personal property to the assessor by April 15.
Personal property declaration schedules have been mailed to every person, business or company known in the county. Non-receipt of a declaration schedule does not excuse taxpayers from declaring taxable personal property to the assessor.
Taxable personal property includes all residential household furnishings used to produce income, equipment, furniture, and machinery used by commercial, industrial, and natural resource operations, property used in an agribusiness that does not qualify as agricultural pursuant, expensed assets with a life greater than one year, fully depreciated assets still in use, personal property in storage that is subject to IRS depreciation, and leasehold improvements.
All personal property with a total actual value in excess of $7,400 is taxable unless specifically exempt by law.
If you have not received a declaration schedule and own personal property with a value greater than $7,400, contact the assessor at 382-6231.
