 ASSESSOR
TO MAIL PERSONAL PROPERTY FORMS
C-T, December 28, 2012
Livingston County Assessor Steve Ripley will soon mail forms to property
owners for listing their personal property which is subject to assessment
for the 2013 assessment year.
This year, the
assessor's office has changed the software that it uses to value personal property. Please take
a moment and look at the new personal property form. Most forms should have a preprinted list of items.
During the conversion, many items were not able to be converted. Ripley suggests
that you examine the form carefully and follow the instructions provided,
adding any personal property you owned as of Jan. 1, 2013, and providing
the vehicle identification number (VIN), and marking through any items you
no longer own.
By March 1, 2013, every owner of personal property must report, on the
form provided by the assessor, all taxable personal property which was
owned by the person or business on Jan. 1, 2013. There will be a form
for individuals owning personal property and a separate form for business and commercial personal property
owners.
Ripley also noted that the reporting of business and commercial property
has changed for items purchased after Jan. 2, 2006. Those items shall be
depreciated using the Cost Recovery Tables, as specified in RSMO
137.122, and based on the IRS MACRS tables. "Every year, a few property owners forget to return their
lists," Ripley said, "so we make every effort to remind people to return them on
time."
Those not returning a completed list to the assessor by the March 1
deadline are subject to penalty. "Penalties range from $10 to $100 depending upon the value of the
property," Ripley said. "The statutes provide the assessor with almost no
discretion to waive the penalties."
The assessor advises that the best way to remember to return the list on
time and avoid a penalty is to fill out the form, sign it, make a copy of
it, and put it in the mail the same day you receive it. A copy of the form
may be helpful if a question arises regarding the filing of the form.
Property owners who have not received a list, or who are new residents to
the county, are not excused from filing, and should contact the
assessor's office to obtain a form at 660-646-8000 ext. 2, or stop by the office on
the first floor of the courthouse. |
