The Personal The Personal Property Division Property Division • Secured Mobile Homes & Parks Secured Mobile Homes & Parks • Bus. Pers. Prop. Exemption Bus. Pers. Prop. Exemption • Other Legislation Other Legislation • BPP filing deadline (4/1/13) BPP filing deadline (4/1/13) • E-File E-File • Public assistance email options Public assistance email options
10
Embed
The Personal Property Division Secured Mobile Homes & Parks Secured Mobile Homes & Parks Bus. Pers. Prop. Exemption Bus. Pers. Prop. Exemption Other Legislation.
Personal Property Legislation Business Personal Property Exemption = $133,868 Qualified Class 1 & 2 property Qualified Class 1 & 2 property Indexed to the US Bureau of Labor Indexed to the US Bureau of Labor Equipment in Class 4 & 6 ; special assessment rate - DOES NOT receive Exemption Equipment in Class 4 & 6 ; special assessment rate - DOES NOT receive Exemption
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
The Personal Property The Personal Property DivisionDivision
• Secured Mobile Homes & ParksSecured Mobile Homes & Parks• Bus. Pers. Prop. ExemptionBus. Pers. Prop. Exemption• Other Legislation Other Legislation • BPP filing deadline (4/1/13)BPP filing deadline (4/1/13)• E-File E-File • Public assistance email optionsPublic assistance email options
Personal Property Personal Property Mobile HomesMobile Homes
Secured Mobile Homes & Mobile Home Parks = Real PropertySecured Mobile Homes & Mobile Home Parks = Real Propertyfollow the Real Prop. valuation & appeal calendarfollow the Real Prop. valuation & appeal calendarstarts in Feb.starts in Feb.
Unsecured Mobile Homes, no Affidavit of AffixtureUnsecured Mobile Homes, no Affidavit of Affixturefollow the Pers. Prop. valuation & appeal calendar follow the Pers. Prop. valuation & appeal calendar starts in Junestarts in June
* Personal Property * Personal Property includes Improvements on Possessory Rights (IPR’s)follows the Business Pers. Prop. “Calendar”starts in August
Personal Property Personal Property LegislationLegislation
Business Personal Property Exemption = $133,868 Business Personal Property Exemption = $133,868 • Qualified Class 1 & 2 propertyQualified Class 1 & 2 property• Indexed to the US Bureau of LaborIndexed to the US Bureau of Labor• Equipment in Class 4 & 6 ; special assessment rate - DOES NOT receive Equipment in Class 4 & 6 ; special assessment rate - DOES NOT receive
Exemption Exemption
Legislation: Personal Property Tax Legislation: Personal Property Tax Appeal DeadlineAppeal Deadline
Extends the number of days for a tax payer to appeal property valuation or Extends the number of days for a tax payer to appeal property valuation or classification from 20 to 30 days. classification from 20 to 30 days.
• 30 days from the delivery of the notice 30 days from the delivery of the notice • The assessor still only has 20 days to rule on the petition The assessor still only has 20 days to rule on the petition
Legislation: Computer Software Legislation: Computer Software Identify and define application vs. operational software AND Identify and define application vs. operational software AND
what is included in Personal Property taxes.what is included in Personal Property taxes.
-Hardware: general purpose computers, Monitors, Printers used in trade or business is taxable
-Software: required to operate the computer(s); basic operating systems; utilities; taxable
- Application : All other software (application software) databases; browsers; spreadsheets; word; created for a specific purpose or application shall not be valued / taxed
Notables:Notables:Business Personal Property 520 filing deadline:Business Personal Property 520 filing deadline:
April 1, 2013April 1, 2013Notice of Values mailed in early AugustNotice of Values mailed in early August