Assessor - Personal Property FAQ
Personal Property FAQ
What is taxable personal property?
Personal property is defined as tangible, depreciable income producing property
including machinery and equipment, furniture and fixtures.
Who must file a Nebraska personal property return?
Anyone that owns or holds any taxable, tangible personal property on January
1, 12:01 a.m. of each year.
Anyone that leases personal property to another person.
Anyone that leases personal property from another person.
Anyone that brings personal property into Blaine County between January
1 at 12:01 a.m. and July 1, must list the property for assessment before July
31, unless it can be shown that the personal property was purchased after January
1 or that it was listed for assessment in another jurisdiction.
What information do I need for a Personal Property Return?
Information on a schedule includes: Name, Mailing Address, Physical Address,
Description of Property, Year Property is Purchased, Number of Units Purchased,
Years Depreciated, and Taxable Value. Years depreciated depends on the type
When do I need to file my return?
The schedule must be signed every year between January 1st and May 1st letting
us know what was owned as of January 1st. If a schedule is not signed by May
1st a 10% penalty will be added to the tax bill. If a schedule is not signed
by August 1st a schedule will be prepared by our office for you and a 25% penalty
will be added to the tax bill.
If I pay sales tax do I still have to pay Personal Property Tax?
Yes. There is a common misconception that you may choose to pay either the sales
tax or property tax
this is not true.
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