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Personal Property
What is Personal Property?
Personal Property are items not affixed to the land.  Personal Property includes all machinery, equipment, furniture, fixtures, inventory, etc.  Some examples include-

  • Commercial & industrial machinery & equipment
  • Mobile homes
  • Mineral leasehold interests
  • Non-highway motor vehicles (non-running / non-tagged)
  • Watercraft
    • Inboard/Outboard boats
    • Boat motors
    • Boat trailers
    • Sailboats
    • Houseboats
    • Pontoons
    • Canoes
  • Heavy tagged vehicles
  • Non-commercial vehicles
    • Aircraft
    • Off road vehicles
      • Golf carts
      • Snowmobiles
      • Off-road motorcycles
      • Mopeds
      • ATV's
    • Trailers
    • Truck beds

How do I calculate Personal Property taxes?
The appraised value is multiplied by the assessment rate to create the assessed value. The assessed value is then multiplied by the Mill Levy for the tax unit where the property is located as of the assessment date (January 1st). This will give you the full year property tax amount
     a.    Example: 2.6A Appraised Value is $5,000
     b.   $5,000 x .30 = $1,500 (assessed value)
Multiply the assessed value by the “mill levy” 
   a. Example: $1,500 x .146919 = $220.38 (Tax Value)
      b
Once taxing groups (school districts, cities, county, etc.) set their Mill Levy, this amount used to calculate your taxes (.146919)

How do I know my assessment rate?

Class

Definition

Asmt Rate %

2.1

Manufactured Homes

11.5%

2.2A, 2.2B

Oil & Gas: 5 Barrels/100 MCF or less

25%

2.2A, 2.2B, 2.2C, 2.2D

Oil & Gas: 5 Barrels/100 MCF or more

30%

2.4A

Heavy/Non-Highway Motor Vehicles

30%

2.4B

16M/20M Trucks

20%

2.5A, 2.5B, 2.5C

Commercial Industrial Machinery & Equipment

25%

2.6A, 2.6B, 2.6C

All other Personal Property (boats, golf carts, trailers, atv, etc.)

30%



If you have questions about what constitutes Personal Property, please contact the Appraiser's Office.

More information-

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