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personal property tax

Many states assess a personal property tax on certain items of personal property such as motor vehicles, boats, and aircraft. Business personal property taxes—taxes on tangible personal property items that are used to produce income—are often referred to as ad valorem taxes.

In Kansas, personal property tax is applicable to certain items of personal property, which includes motor vehicles, boats, aircraft, and business personal property. Business personal property refers to tangible items used in the production of income, such as machinery, equipment, and furniture. These taxes are considered ad valorem taxes, meaning they are based on the assessed value of the property. The county appraiser assesses personal property at its fair market value as of January 1 of each year, and the tax is then calculated based on the assessed value and the local mill levy rates. Taxpayers are required to list their personal property with the county appraiser annually. Failure to do so can result in penalties. It's important to note that Kansas offers certain exemptions for personal property tax, including for machinery and equipment used in business after June 30, 2006, as well as for merchants' and manufacturers' inventories.

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Taxes

personal property tax

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Kansas State Code

Kansas State Code

Taxes

personal property tax

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