Personal property schedules in mail
Dawson County assessor John Moore reminds owners of personal property that their 2012 schedules will arrive in the mail the first week of January.
Schedules were mailed to the last known address of each property owner.
Moore said his office offers preprinted forms and that information on file is printed on the forms.
Purchases made during 2011 need to be added to the 2012 schedule however, he said, noting that owners have until May 1 to file any new information.
The county assessor said he also wants copies of an owner’s federal depreciation worksheet to determine what items are eligible for personal property assessment.
Moore said the worksheet is initially used for federal income tax purposes and is the only portion of the federal papers needed for filing with the county.
Personal property in Nebraska is taxed on net book value, or purchase price minus depreciation, he said, adding that depreciation tables follow federal guidelines.
Moore said property owners must be involved in filing schedules even if an accountant or attorney completed the book work.
“Each year problems occur because a property owner assumes that their accountant or attorney took care of the filing,” he said. “But all they actually received was a ‘copy’ of the yet to be filed schedule, and failed to take the final step in the process.”
Penalties are involved for late filing based on the amount of tax to be paid—not the valuation.
Initially, he said the late fee adds another 10 percent onto the taxes but said the late fee can be higher for someone who is excessively late.
“We prefer to avoid applying a penalty,” he said, “but there seems to be a number of them each year regardless.”
Moore said the first notice is the schedule sent in January.
However if an owner does not receive a schedule, he or she is still required to file. Additional schedules are available in the assessor’s office located on the first floor of the courthouse in Lexington.
“We were not always that aggressive in the past concerning the these depreciation worksheets but they are an important element for ensuring accuracy on the record and basically the only resource we have,” Moore said.
Questions about personal property and filing schedules may be directed to the assessor’s office by telephone at 308-324-3471. The office is open weekly from 8 a.m. to 5 p.m.