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Nebraska Personal PropertyAll depreciable personal property used in a trade or business, or for the production of income, is taxable. This includes all property expensed out under Section 179. This property shall be assessed to the owner as of January 1, 1997 at 12:01 a.m. Your itemized depreciation worksheet and IRS From 4562 (Depreciation and Amortization) from your 1996 income tax are needed to complete the return. Form 4562 is verification that you did or did not have any depreciable taxable property for assessment purposes. We ask that you bring these papers to the COUNTY ASSESSORS OFFICE where we will assist you in filing your 1997 PERSONAL PROPERTY RETURN. PERSONAL PROPERTY RETURNS MUST BE COMPLETED AND SIGNED AND IN THE OFFICE OF THE COUNTY ASSESSOR BY MAY 1, 1997 or a penalty of 10% of the tax due to voluntary late filing or 50% of the tax due for involuntary late filing will be applied. Failure to receive a return, or notice from the Assessor does not exempt you from filing a personal property return if you have taxable property. If you have any questions in regard to filing your return for 1997, please contact the Assessors Office in Dakota City at 987-2101.If you purchased property and signed a Form 13AG, stating you are engaged in commercial agriculture, then you are required to file a personal property return. |
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