Personal Property

Types of Personal Property
Taxable personal property includes:
  • Airplanes
  • All other trailers whether tagged or not
  • Boats, boat motors and boat trailers
  • Camping trailers not considered RVs
  • Four wheelers
  • Golf carts
  • Helicopters
  • Hot air balloons
  • Jet ski trailers
  • Jet skis
  • Mobile homes
  • Mopeds
  • Motorcycles that are not tagged
  • Non-highway vehicles
  • Sailboats
  • Slide-in campers
  • Snowmobiles
  • Three wheelers
  • Trucks with a 16M or heavier weight tag
Business Personal Property
Business personal property would include all equipment, machinery, tools, office equipment, and furniture used in any type of business, whether in an office or conducted out of an individual’s home. Items of machinery and equipment, materials, and supplies with a retail cost new of $1500 or less is expressly exempt from taxation. In addition, all machinery and equipment that is acquired after June 30, 2006, via a bona fide purchase or is transported into the state for expansion of an existing new business is expressly exempt from taxation.

Listing Requirements
Every person who owns or holds tangible personal property shall list said property for assessment. (K.S.A. 79-303.) In Kansas, you are taxed on what you own on January 1 of any given year.

Situs Rules

Personal property items will be assessed for the full year if they were located in Miami County on January 1st. There are two exceptions to this:
  • A motor vehicle (non-highway and 16M or heavier tagged truck) is prorated for time owned if purchased before September 1 or sold anytime during the year.
  • Watercraft (boats, motors, boat trailers, jet skis) are prorated based on the number of months owned during the year. The owner of record is to notify the county appraiser within 30 days of acquisition or sale of water craft items.
There will be no pro-ration of taxes on watercraft if notification of the sale is received more than 30 days after per KSA 79-306e(b).

Appraisal Process
How different types of personal property are appraised:
  • Mobile Homes are appraised each year based on data obtained from sales prices of current sales. The appraised value is then taken times 11.5% to arrive at the assessed value.
  • Trucks tagged with 16M tags and 20M tags are appraised the same as a 12M truck with a countywide levy. Taxes are not paid at the time of registration, however they are paid at the end of the year through a tax statement like other personal property. The assessment rate is 20%.
  • Business Equipment and Machinery is taxed based on cost. A taxing factor is applied to the Retail Cost New Price to determine appraised value. A used factor and the taxing factor are both applied to a used price to determine the appraised value. The assessment rate is 25%.
  • All Other Personal Property is appraised using guides and publications as prescribed by the State of Kansas Property Valuation Department. The assessment rate is 30%.
Income Tax Credit Information
The Business Machinery and Equipment Tax Credit is an income tax credit equal to 15% of the personal property tax levied for property tax years 2002, 2003, and 2004, 20% of the property tax levied for property tax years 2005 and 2006, and 25% of the property tax levied for property tax year 2007, and all such years thereafter, actually and timely paid on specific commercial and industrial machinery and equipment.

Qualified Equipment & Machinery
Qualified machinery and equipment includes machinery and equipment required to be listed for property taxation on Schedule 2, Schedule 5, or Schedule 6. Items that do not qualify for the credit include motor vehicles, personal property owned by a public utility, and property not used for a business purpose.