Personal Property

Personal Property

The key characteristic of personal property is the ability to move it without damage to itself or to the real estate to which it may be attached. Personal Property may be leased, loaned, rented, consigned or owned. There are two types of personal property - individual or business.

Individual Personal Property

Examples of individual personal property:

  • Aircrafts
  • ATVs
  • Golf carts
  • Heavy trucks
  • Mobile homes
  • Trailers
  • Watercrafts

Business Personal Property

Examples of business personal property:

  • Industrial equipment
  • Manufacturing equipment
  • Material and supplies
  • Plant machinery
  • Refrigeration units
  • Storage tanks

Please contact the Coffey County Appraiser's Office for a complete listing of personal property.

Exceptions
The items above are taxable unless they fall under either of these Kansas statutes:

  • KSA - 79-201w, Article 2: Property Exempt from Taxation; machinery, equipment, materials, and supplies with a retail cost when new of $1500 or less per item for tax year 2007, and all tax years thereafter.
  • KSA - 79-223: Machinery and equipment acquired by qualified purchase or lease made or entered into after June 30, 2006, as the result of a bonafide transaction not consummated for the purpose of avoiding taxation is exempt from the property taxation in Kansas. Machinery and equipment transported into the state after June 30, 2006, for the expansion of an existing business or the creation of a new business is also exempt from property taxation in Kansas.

Oil & Gas

For purposes of taxation, oil and gas leases, oil and gas wells, all casing, tubing and other equipment and materials used in operating oil and gas leases are considered personal property.

Operators of oil and gas leases are required to file renditions stating the amount of production, number of wells and the equipment located on each lease by April 1 of each year.

Please visit our Resources page to download the required documents.