Personal Property is the depreciable equipment used in a trade or business or used for the production of income. If you hold or own any depreciable tangible personal property as of January 1 at 12:01a.m. of the year for which the assessment is being made, you must file a Nebraska Personal Property Return.
If you lease property from another person or you lease property to another person you must file a Nebraska Personal Property Return.
All personal property is handled according to Regulation 20. All schedules are to be filed by May 1 to be considered timely. From May 1 to July 31, all schedules received by the office receive a 10% penalty. After July 31, a 25% penalty is assessed. Reminder schedules are sent at the beginning of the personal property season, usually by February 1. The taxpayer’s federal income tax depreciation schedule is used as a basis for the personal property schedule. 13AG’s are received periodically throughout the year and are matched up with their corresponding schedules. 13AG’s are used primarily as a system of checks and balances. If a taxpayer has paid sales tax on an item reported on their Personal Property Schedule, they can request a form to be reimbursed the sales tax amount by calling 1-800-742-7474 and following the prompts. The personal property abstract is due June 15.
Taxable personal property is defined as tangible, depreciable, income-producing property including machinery, equipment, furniture and fixtures. This must be filed between January 1 and May 1 of each year.
Personal property is defined as tangible, depreciable, income-producing property including machinery, equipment, furniture and fixtures.
Anyone that owns or holds any taxable, tangible personal property
on January 1, 12:01 a.m. of each year.
Anyone that leases personal property to another person.
Anyone that leases personal property from another person.
Anyone that brings personal property into Pawnee County between January 1 at 12:01 a.m. and July 1, must list the property for assessment before July 31, unless it can be shown that the personal property was purchased after January 1 or that it was listed for assessment in another jurisdiction.
Information on a schedule includes: Name, Mailing Address, Physical Address, Description of Property, Year Property is Purchased, Number of Units Purchased, Years Depreciated, and Taxable Value. Years Depreciated depends on the type of equipment.
The schedule must be signed every year between January 1 and May 1 letting us know what was owned as of January 1. If a schedule is not signed by May 1, a 10% penalty will be added to the tax bill. If a schedule is not signed by August 1, a schedule will be prepared by our office for you and a 25% penalty will be added to the tax bill.
Yes. There is a common misconception that you may choose to pay either the sales tax or property tax…this is not true.