![]() ![]() The Assessor or one of her employees can explain how the value was determined and, if appropriate, make any necessary corrections. Property owners should immediately contact the Assessor's office if they believe an assessment is incorrect. In the event that an owner does not file or report personal property, the Assessor is required to estimate the value of personal property based on the best information available to them. The penalty is five percent of the tax due per month, up to a maximum penalty of 25 percent. The property owner must verify the list, add or delete property as appropriate and sign and return the affidavit to the County Assessor by April 30th.Ī penalty will be imposed if the personal property affidavit is filed late. Once property is assessed and listed on the tax rolls, the assessor mails the property owner a new affidavit at the beginning of each calendar year. ![]() Supplies on hand as of January 1 including office and retail (cash register tapes, bags, etc.) supplies.The value of any trade-in is to be included as part of the total purchase cost. For example, installation, freight and engineering charges are costs that may be incurred while placing property into operation. The total purchase cost of an item includes all costs associated with making the property operational. Include the total purchase cost of each item, excluding sales tax.Include the date of acquisition of each item.Owners of personal property must list each item, its acquisition cost and the year acquired for all taxable personal property. Personal property affidavits are available from the Assessor's Office. Property owners are required to file an annual listing of all taxable personal property that was located in the county as of 12:00 noon on January 1 of the current year by April 30th. Machinery and Equipment, Fixtures and Furniture Quick Links to Personal Property Information: Personal Property New Business Listing Form Household goods, certain intangibles, and business inventories are specifically exempt from personal property tax. Personal property includes machinery, equipment, furniture and supplies of businesses and farmers and improvements to land that are leased from government. Personal Property Tax Brochure (click to open) Although most personal property is subject to the same tax rate as real property, the distinguishing characteristic of personal property is its mobility. Personal property in Washington is subject to property tax just like real property. ![]()
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