Form Dr-405 - Tangible Personal Property Tax Return Page 4
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4DR-405, R. 12/11, Page 4
LINE INSTRUCTIONS
COLUMN INSTRUCTIONS
Within each section, group your assets by year of
List all items of furniture, fixtures, all machinery,
acquisition. List each item of property separately
equipment, supplies, and certain types of equipment
except for “classes” of personal property. A class is a
attached to mobile homes. For each item, you must
group of items substantially similar in function, use,
report your estimate of the current fair market value
and age.
and condition of the item (good, average, poor).
Enter all expensed items at original installed cost.
Line 14 - Farm, Grove, and Dairy Equipment
Do not use “various” or “same as last year” in any of
List all types of agricultural equipment you owned on
the columns. These are not adequate responses and
January 1. Describe property by type, manufacturer,
may subject you to penalties for failure to file.
model number, and year acquired. Examples:
bulldozers, draglines, mowers, balers, tractors, all
Taxpayer's Estimate of Fair Market Value
types of dairy equipment, pumps, irrigation pipe -
You must report the taxpayer's estimate of fair
show feet of main line and sprinklers, hand and
market value of the property in the columns labeled
power sprayers, heaters, discs, fertilizer distributors.
"Taxpayer's Estimate of Fair Market Value." The
Line 16 and 16a - Hotel, Motel, Apartment and
amount reported is your estimate of the current fair
Rental Units (Household Goods)
market value of the property.
List all household goods. Examples: furniture,
Original Installed Cost
appliances, and equipment used in rental or other
Report 100% of the original total cost of the property
commercial property. Both residents and
in the columns labeled "Original Installed Cost." This
nonresidents must report if a house, condo,
cost includes sales tax, transportation, handling, and
apartment, etc. is rented at any time during the year
installation charges, if incurred. Enter only
Line 17 - Mobile Home Attachments
unadjusted figures in "Original Installed Cost"
For each type of mobile home attachment (awnings,
columns.
carports, patio roofs, trailer covers, screened
The original cost must include the total original
porches or rooms, cabanas, open porches, utility
installed cost of your equipment, before any
rooms, etc.), enter the number of items you owned
allowance for depreciation. Include sales tax, freight-
on January 1, the year of purchase, the size (length
in, handling, and installation costs. If you deducted a
X width), and the original installed cost.
trade-in from the invoice price, enter the invoice price.
Line 20 - Leasehold Improvements, Physical
Add back investment credits taken for federal income
Modifications to Leased Property
tax if you deducted those from the original cost.
If you have made any improvements, including
Include all fully depreciated items at original cost,
modifications and additions, to property that you
whether written off or not.
leased, list the original cost of the improvements.
Assets Physically Removed
Group them by type and year of installation.
If you physically removed assets last year, complete
Examples: slat walls, carpeting, paneling, shelving,
the columns in the first section of page 2. If you sold,
cabinets. Attach an itemized list or depreciation
traded, or gave property to another business or
schedule of the individual improvements.
person, include the name in the last column.
Line 22 - Owned by you but rented to another
Leased, Loaned, and Rented Equipment
Enter any equipment you own that is on a loan,
If you borrowed, rented, or leased equipment from
rental, or lease basis to others.
others, enter the name and address of the owner or
Line 23 - Supplies
lessor in the second section of page 2. Include a
Enter the average cost of supplies that are on hand.
description of the equipment, year you acquired it,
Include expensed supplies, such as stationery and
year of manufacture (if known), the monthly rent, the
janitorial supplies, linens, and silverware, which you
amount it would have originally cost had you bought
may not have recorded separately on your books.
it new, and indicate if you have an option to buy the
Include items you carry in your inventory account but
equipment at the end of the term.
do not meet the definition of “inventory” subject to
exemption.
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