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Posted: 11/14/2018 12:40:54 PM EDT
[#1]
Yes, it's assessed at a different rate. Commercial is the highest.....33.33%, personal is usually 19%, aircraft & historic vehicles 5%, and then farm stuff varies (12% for machinery).
If you bought it this year, you don't report it until next year. You'll put it on the form under the ag box. |
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Posted: 11/14/2018 6:48:19 PM EDT
[#2]
Quote HistoryQuoted:
Yes, it's assessed at a different rate. Commercial is the highest.....33.33%, personal is usually 19%, aircraft & historic vehicles 5%, and then farm stuff varies (12% for machinery). If you bought it this year, you don't report it until next year. You'll put it on the form under the ag box. When I called the assessor's office [I did receive the RE tax bill for 2018] I was told that I didn't have to pay for anything for personal property and that I'd have to declare it on next year's form but there wasn't a different rate for AG. I thought that was strange. I did not know there was an AG section but now I'll look for it and report it there. 
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