March 1, 2004
March 15 is the deadline for returning personal property declarations to the county assessor’s office and for filing agricultural exemption applications.
Personal property is any furniture, fixture, computer, tool, unlicensed vehicle or other equipment that is used to generate income, and it’s taxable in the same manner as all real property, calculated by multiplying the depreciated market value by the levy rate.
Certain farm equipment is now exempted if it is used exclusively in the actual production of crops, nursery stock or in the care and feeding of livestock. Office equipment and shop tools are examples of farm equipment that remains taxable as personal property.
If you received a personal property declaration form in the mail, please complete it and return it to the assessor’s office by the March 15 deadline. If you have personal property used to generate income but you didn’t receive a declaration, please call 267-3301.
The agricultural exemption provides a significant reduction in property taxes when land is used for agricultural purposes. If you’ve applied for the exemption in the past and you continue to farm, produce nursery stock or graze livestock, you need not reapply.
If you haven’t applied or if you’ve expanded your agricultural operations, applications must be received by the deadline to qualify for the exemption. To find out more, call (208) 267-3301.