Monday, October 20, 2014
   
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Moore: Residents should update tax schedules

Owners of taxable personal property can begin looking for 2011 schedules that were mailed last week, said Dawson County assessor John Moore.

The county offers preprinted forms utilizing information on file from 2010. Purchases made during 2010 need to be added to the current schedule, he said.

Submission of federal depreciation worksheets with personal property schedules continues to be part of the process.

If there are no new purchases, Moore noted that many schedules might only need to be signed by the owner and returned.

Moore said he needs owners’ depreciation worksheets to determine what items are eligible for taxation.

The worksheet is initially used for federal income tax purposes, he explained, noting that personal property in Nebraska is taxed on a net book value, or purchase price, minus depreciation.

“It is imperative for those who owned personal property and reported it to my office in the past to contact the office again this year, even if the status of that property has changed so that it is no longer taxable,” Moore said, adding that the assessor’s office files a schedule on the owner’s behalf barring any unknown facts. “If an owner doesn’t clear the record in some fashion, we would be unaware of a change.”

Owners also need to be involved, even if their accountant or attorney completes

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