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Sedgwick County Appraiser's Office

Business Personal Property

The Business Personal Property Division appraises all business’ tangible personal property, also known as commercial and industrial machinery and equipment. Article 11, Section 1 of the Kansas Constitution establishes that these assets are assessed at 25 percent of their appraised value.  File your business personal property online with I-FILE.

What assets should I report?

Any tangible personal property purchased and used to produce income or is depreciated or expensed for IRS purposes (except state assessed property and motor vehicles) is assessable as Commercial and Industrial Machinery and Equipment (CIME).

Assets which have a "retail cost when new" of $1,500 or less and are stand alone items are exempt; however, it’s requested that you list these assets.

What’s retail cost when new?

The dollar amount an item would cost when new to a purchaser at the retail level of trade. It is not a used sale price, nor a wholesale or manufacturer’s cost. Another way to describe it is the total cost a taxpayer incurs to acquire new property in order to produce income over a period of years in a commercial or industrial setting. The term "retail cost when new" does not include sales tax, freight or installation charges that are separate and readily discernible from the set retail price.

How do you determine appraised value?

The Kansas Constitution provides that commercial and industrial property will be appraised starting at its "retail cost when new" and depreciated straight line over a maximum of seven years. If the economic life of the machinery or equipment is less than seven years, it will be depreciated straight line over the shorter life. However, so long as the property is "being used" the appraised value shall not be less than 20 percent of the retail cost when new of such property.

How are business personal property taxes calculated in Kansas?

To determine property tax on business personal property, the appraised value is multiplied by the appropriate percentage established in Article 11, Section 1 of the Kansas Constitution to determine the assessed value.

Article 11, Section 1 of the Kansas Constitution classifies personal property into the following classes for the purpose of assessment:

  • Subclass 1:  Mobile or manufactured homes used for residential purposes  11.5%

  • Subclass 2:  Mineral leasehold interests  25/30%

  • Subclass 3:  Public Utilities  33%

  • Subclass 4:  Motor vehicles other than tax-when-tagged motor vehicles, state assessed motor vehicles and leased motor vehicles that are taxed based upon their gross receipts  30%

  • Subclass 5:  Commercial & Industrial machinery & equipment  25%

  • Subclass 6:  All other tangible personal property  30%

The assessed value is then multiplied by the mill levy for the taxing unit in which the property is located.

Appraised Value X Assessment Rate = Assessed Value X Mill Levy = Tax

I’m starting a business in Sedgwick County.  Do I need to let you know?

Yes!  Anyone owning and/or leasing tangible personal property prior to July 1, 2006 with the intent to establish a business (home occupations included) whether as an individual, corporation, or partnership, must file a Commercial Personal Property Rendition with the County Appraiser's Office per Kansas Statute 79-303 and 79-306.

You will need to provide the following information: business name; business location; mailing address; owner’s name; person to contact; telephone number; date business began (in Kansas); and type of business. Once you provide our office with this information, we will set your business up in the system and mail you a personal property return to complete and return to our office. Just starting a business and need to report the above information?

If you owned or leased personal property as of January 1, you are liable to report such property by the filing deadline.

Tax Calendar for Personal Property

January 1

Assessment Date (KSA 79-301 and KSA 79-1455)

March 15

Deadline for taxpayers to report all personal property

April 1

Deadline for taxpayers to report oil and gas properties

May 1

Deadline for counties to notify taxpayers of value

May 16

Deadline for taxpayers to appeal notice of value

Note:  to avoid incurring state mandated penalties, renditions must be filed by the deadline date.  Counties have no authority to abate, waive, or refund the penalty mandated by K.S.A. 79-1422.  Only the Board of Tax Appeals has the authority to abate, waive, or refund the penalty.


Sedgwick County...working for you

Mission: To assure quality public services that provide for the present and future well-being of the citizens of Sedgwick County.