Form Pv-Pp-1a - Kansas Personal Property Assessment Form With Instructions

INSTRUCTIONS FOR FILING KANSAS PERSONAL PROPERTY ASSESSMENT FORM

File a return in each county you have taxable personal property. Refer to the schedule summaries below for the types of

personal property that are taxable. For more information contact your local county appraiser's office.

Complete the owner and address information. Provide the name of taxpayer if different from owner and provide the

location of property if different than owner’s address. Note: If this is not a new account, please provide the county

account number.

Check one of the “I DO HEREBY CERTIFY” boxes and sign the return. By law, both the property owner and the

rendition preparer (if applicable) must sign the return. Attach any appropriate schedules. Note: The county appraiser

will supply a list of property reported to the county for the prior tax year. This list should be reconciled and used for the

current year reporting.

File by March 15

. By law, this form must be completed, signed and filed with the county appraiser by March 15

. A

written request for an extension must be filed with the county appraiser prior to March 15

if an extension from this filing

date is needed. The penalty for late filing is 5% per month up to a maximum of 25%, the penalty for failure to file is 50%.

Machinery & Equipment Credit:

you can receive an income tax credit/refund from the state equal to 20% of the

property taxes timely paid on commercial or industrial machinery and equipment listed on Schedules 2, 5 or 6. This credit

should be claimed on Kansas Schedule K-64 and filed with your Kansas income tax, privilege tax, or insurance company

premiums tax returns.

The following is a brief description of the schedules a taxpayer should use to report taxable personal property:

SCHEDULE 1: Personal Property Mobile Homes used for Residential Housing. By law, a mobile home is considered to be

personal property unless: (1) the owner (or spouse) of the mobile home also owns the land and (2) the mobile home has a

permanent foundation. The valuation method for a residential mobile home will be the same, whether classified as real or

personal.

SCHEDULE 2: Mineral Leasehold Interests, contact the county appraiser for a separate Schedule 2.

SCHEDULE 3: Public Utilities-Locally Assessed , contact the county appraiser for a separate Schedule 3.

SCHEDULE 4: Motor Vehicles are self propelled and designed to operate on public roads. List only motor vehicles that are

tagged to operate at 16,000 pounds or greater or non-highway titled. List vehicles not designed for public road use on

Schedule 5 or 6. "Haul for hire" motor carriers should report their vehicles to the state.

SCHEDULE 5: Commercial and Industrial Machinery and Equipment is any tangible personal property used to produce

income or depreciated or expensed for IRS purposes that is not exempt, state appraised, or considered a motor vehicle

(see Schedule 4 above for definition of motor vehicle).

The following is a brief description of the columns on Schedule 5:

(1)

A description of the property.

(2)

The year the new or used item was purchased.

(3)

Note whether the item was purchased new (“N”) or used (“U”).

(4)

The age, in years, of the item at the time it was purchased. If purchased new the age at purchase is 0.

(5)

The cost incurred to acquire the item; in terms of dollar value, not including sales tax or freight and installation costs

that are charged separately and readily discernible from the actual retail price of the item.

(6)

through (10) are for county use.

All tangible personal property used for commercial and industrial purposes must be listed for property tax purposes unless

it is expressly exempt, even if the item has been fully depreciated for income tax or record keeping purposes. Inventory

and all items with a retail cost when new of $400 or less are expressly exempt from taxation and not required by law to be

listed.

items with a retail cost when new of $400 or less,

Note: The appraiser may request that you continue to list

however, you are not obligated to list them.

An “item” functions independently, without direct physical attachment to another “part” of machinery and equipment used in

the owners business. For example, a keyboard or monitor is a “part” used in conjunction with other “parts” which together

form the “item” (computer).

Retail cost when new is the cost when first offered new at the retail level, not including sales tax or freight and installation

costs charged separately and readily discernible from the set retail price. When items are purchased used, the appraiser

will use a formula prescribed by the state to estimate “retail cost when new”.

SCHEDULE 6:

All Other taxable personal property not elsewhere classified on Schedules 1 through 5 are listed on

Schedule 6. All Other includes the following: boats, jet skis, off road motorcycles, ATVs, race cars, non-commercial

trailers, travel trailers that do not have a Kansas RV title, snowmobiles, etc. Note: Beginning with the 2003 tax year, the

owner of record must notify the county appraiser within 30 days after the sale or acquisition of any watercraft so the value

can be prorated for the number of months it is owned.

SCHEDULE 7: Tangible Personal Property Held But Taxable to Others. By law, everyone with personal property in their

possession or custody is required to list the property in the name of the owner. For example: ice and vending machines,

food racks, leased equipment, etc. In addition, exempt entities must list leased property.

NOTE:

By law, in order to promote uniform, equal and accurate assessments, all renditions filed are subject to review by

the county appraiser for completeness and accuracy. For the same reason, the county appraiser will also take steps to

discover non-filers.

PV-PP-1A (REV 10/04)

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Form Pv-Pp-1a - Kansas Personal Property Assessment Form With Instructions - 2004 Page 2

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