INSTRUCTIONS FOR COMPLETING THE STATEMENT OF PERSONAL PROPERTY
SALT LAKE COUNTY ASSESSOR'S OFFICE
FOR ACCOUNTS FILING FOR THE FIRST TIME WITH THE ASSESSOR'S OFFICE IN 2011
Salt Lake County Forms and Information: KWWSVOFRRUJDVVHVVRUSHUVRQDOSURSHUW\IRUPV
The Utah State Tax Commission Personal Property Schedules and classification guide can be found at
http://propertytax.utah.gov/schedules/
All tangible personal property owned, possessed, controlled, or managed by the business entity must be
reported to the Assessor.
INSTRUCTIONS FOR COMPLETING THE STATEMENT OF PERSONAL PROPERTY
LINE 1 (SUPPLIES): Enter the cost of supplies on hand as of January 1, 2011. The cost to be reported is the acquisition cost including sales tax,
and freight. Supplies include, but are not limited to: office, shipping, and maintenance supplies, replacement parts, lubricating oil, fuel and other
operating supplies. Do not include merchandise or materials that are inventory held for resale in the ordinary course of business. If you cannot
determine the actual amount of supplies on hand as of January 1st, enter the average monthly supply expenditures for the past twelve months. If
the supply line is left blank, the Assessors Office will estimate the value of your supplies.
LINE 2 (PERSONAL PROPERTY): Enter the total taxable value of your personal property from the listing on Page 2.
INSTRUCTIONS FOR COMPLETING THE PERSONAL PROPERTY DETAIL SECTION OF PAGE 2:
An online filing process is now available at: http://slco.org/assessor/ppfile/
If page 2 does not provide sufficient room for reporting your taxable personal property, you may attach your own schedule as long as
it provides the same information in the same order as Page 2. Whether you choose the online version of the schedule or the manual
version, a sample schedule is provided below.
Sample Personal Property Schedule
Class
5
3
3
1
12
12
Description
Year
Acquired
Furniture
Cash Registers
Telephone System
Software
Personal Computers (5)
PC Printers (5)
2010
2010
2010
2010
2010
2010
Cost or
Purchase Price
7,300
15,900
7,690
5,500
4,475
750
%Good From
Tables
Total Taxable Market Value of Personal Property (Enter on Line 2, Page 1)
0.87
0.81
0.81
0.68
0.62
0.62
Taxable
Value
6351
12,879
6,229
3,740
2,775
465
32,438
*If you have acquired used property, contact the Assessor’s Office for additional instructions.
LINE 3 (TOTAL TAXABLE VALUE): Total the amounts from lines 1 and 2 and enter on line 3. EXEMPTION INSTRUCTIONS: If the value on
line 3 is $3,800.00 or less, and you do not own personal property at other locations in Salt Lake County, you are exempt from paying the tax, but
you must still file the forms. Go to the exemption block, complete it and return the forms. The exemption cannot be granted unless you provide a
listing of your property and apply for the exemption. If the taxable value is greater than $3,800.00, continue on to line 5, DO NOT DEDUCT
$3,800.00.
LINE 4 (TAX RATE): The tax rate for your tax district is printed on this line of the Statement based on the property location listed on Page 1.
If the property location is not correct, please call Wo obtain the correct tax rate for the correct location.
LINE 5 (TAX AMOUNT): Multiply the value on Line 3 times the tax rate on Line 4 and enter the result on Line 5. This amount is the Personal
Property Tax. Please make your check payable to "Salt Lake County Assessor”, or see other payment options in the box below.
PAYMENT STUB: Enter the amount from Line 5 on Line 6 of the Payment Stub.
Return the original forms to the assessor’s office; keep a copy for your
records.
SCHEDULE B (LEASED EQUIPMENT AND ADDITIONAL INFORMATION): A very common error on personal property statements is the
listing of leased items on Page 2. Salt Lake County assesses leased items to the owner of the property, the Lessor. Please fill out the information
requested on Schedule B to aid us in eliminating duplicate taxation of leased equipment. Capitalized leases are reported by lessees on Page 2.
True leases are reported on Schedule B. SIGNATURE: The signature of the taxpayer or agent is required at the bottom of page 1 of the statement. Statements received
without signature will be returned and may be subject to additional interest, penalty, and fees if not signed and returned by the due
date indicated at the top of the statement.
DUE DATE: The date printed at the top of the Statement is the due date for the statement to be returned to the County Assessor.
Utah Statutes allow 60 days for completion of the statement. Interest will begin to accrue as of the due date on the statement at the
annual rate set by statute. Failure to file the statement within 30 days of certified notice will result in a penalty of $100 or 10% of
the tax due, whichever is greater (59-2-307) and an estimate will be made of your personal property value.
APPEAL PROCEDURES: If you disagree with the current market value of your property as calculated using the recommended
schedules, you may appeal to the County Board of Equalization. Your appeal must be postmarked on or before the appeal date
printed on the first page of the statement and must include either an appraisal or other valuation basis for your appeal, or a
summary of the legal basis of your disagreement with the valuation as determined by the assessor. The County Board of
Equalization meets monthly to hear personal property appeals. Address your appeal to: CLERK OF THE BOARD OF EQUALIZATION
SALT LAKE COUNTY AUDITOR #N3300, 2001 SOUTH STATE STREET, SALT LAKE CITY, UTAH 84190-1100
Credit Card and Electronic Check payment option: The Assessor’s Office can now accept payments by credit cards and
electronic checks (EFT). There is a convenience fee for this service to the user. If you wish to pay your tax online, please go
to:
http://slco.org/assessor/payonline/
$1,000.00 Exemption: An individual item of property that has an acquisition basis of $1,000.00 or less, and would be
classed in Classes 1, 2, 5, 7, 8, 12, 15, 16, 20, 21, and 25 are exempt when that item reaches the residual year of the class.
Classes that begin with the letter “E” are provided for this type of property.
Visit http://slco.org/assessor/personal-property-contact/ for details and the “E” Schedules.
2011 Personal Property Classification Guide
This classification guide is to assist you in the classification of personal property into the appropriate percent good
category. It is not all-inclusive. If you have property that you cannot classify, please contact the County Assessors
Office for assistance or check the classification guide at the Tax Commission link on the reverse side of this page.
Class 1 Short Life Property: Property which is fungible in that it is difficult to determine which items are retired from service by age
group. Such property is highly susceptible to breakage, loss, rapid wear and tear or subject to extreme obsolescence. Barricades,
patterns, jigs, dies, pots, pans, canned computer software, motel linen, pallets, silverware, uniforms. Rental Video Tapes, CD’s, and
DVD’s are valued at $15 each for the first year and $3.00 per year thereafter.
Class 2 Computer Integrated Machinery: Machinery which cannot operate without the computer and the computer cannot perform
functions outside the machine: computer driven mills, computer dependent manufacturing and fabrication machinery, computerized
lathes. This property must be 1) Computer and machine sold as one unit 2) machine cannot perform without the computer and
computer cannot perform functions outside the machine 3) machinery is multiple-function controlled by a cpu 4) total cost of both
computer and machine depreciated as a unit, including software, and, 5) the capabilities of the machine cannot be expanded by
substituting a more complex computer for the original. This class also includes high-tech medical equipment that meets all of the
above criteria. This class does NOT include peripherals such as printers, scanners, external drives, etc. These are class 12
property.
Class 3 Short Life Equipment: Electronic types of equipment and office machines subject to rapid functional or economic
obsolescence or items subject to severe wear and tear. Alarm systems, cash registers, fax machines, microwave communications
equipment, stereo and sound systems, Rent-to-Own merchandise, small equipment rentals, shopping carts, telephone equipment and
systems, vending machines.
Class 4 Short Life Expensed Equipment: An item of personal property with an acquisition cost of $1,000.00 or less and otherwise
found in Class 1, 3 or 12. This class is an irrevocable election. Values in this class cannot be disposed of in future years and may not
be appealed. The residual year for this class has a “0” percent good, which exempts the property at that point from further taxation.
Class 5 Furniture and Trade Fixtures: Non-mechanical furniture and trade fixtures subject to functional obsolescence due to style
and design changes. Furniture, bars, sinks, beauty/barber shop fixtures, cabinets, shelves, counters, displays, racks, theater seating,
partitions, motel/hotel beds and furniture, mechanical signs, tanning booths, water slides.
Class 7 Medical & Dental Equipment: Equipment with medical and dental application or used in medical and dental facilities.
Medical and dental equipment is subject to obsolescence due to technological developments experienced by the health services
industry. Medical/dental instruments, exam furniture, x-ray machines, microscopes, sterilizers, optical equipment. See Class 2 for
exceptions to this class.
Class 8 Machinery & Equipment: Machinery and equipment used in production or processing industries having an economic life of
11 years or more but subject to functional and economic obsolescence as technologically advanced and more efficient machinery
becomes available. Manufacturing and processing machinery, amusement rides, auto service & repair equipment, bakery equipmen t,
CATV connection/distribution, CATV head ends, laundry and dry cleaning equipment, food prep equipment, machine shop equipment,
overhead cranes, fork lifts, meat packing equipment, bottling equipment, cannery equipment, ski lift machinery, wood milling
equipment, golf carts.
Class 12 Computer Hardware: Computers and peripherals subject to rapid functional and economic obsolescence. Mainframe
computers, personal computers, copy machines, LAN systems, data processing equipment, data processing peripherals, printers.
Class 13 Heavy Equipment: Mobile machinery used in the construction, forestry and quarry industries as well as equipment used in
the processing of construction materials; e.g., cement and asphalt. Construction equipment, compaction equipment, graders, b atch
plants, log skidders, mining equipment, portable conveyors, scrapers, cranes, backhoes, loaders, generators, pavers, sweepers.
Class 15 Semi-conductor Manufacturing Equipment: Used exclusively in the production of semi-conductor products. Clean room
equipment, crystal growing equipment, deionized water systems, photo mask and wafer manufacturing equipment, semiconductor
chemical and gas systems, semi-conductor test equipment.
Class 16 Long Life Property: Property having a long physical life, subject to little obsolescence. Buried cable, billboards, pipelines,
grain elevators, radio towers, bulk storage tanks, sign towers, ski lift and tram towers, truck scales.
Class 20 Petroleum & Natural Gas Exploration and Production Equipment: Used in the petroleum and gas exploration and
production industry, subject to functional and economic obsolescence due to the volatile nature of the petroleum industry. Oil and gas
exploration equipment, distillation equipment, wellhead assemblies, drill rigs, re-injection equipment, metering devices, fractionation
and catalytic cracking equipment, well site electrical equipment, sheds, scrubbers, pumping units, radio telemetry units, separatordehydrators
Class 21 Commercial and Utility Trailers: Non-registered utility trailers of all types. Utility trailers that have license plates are
not reported on this form
Class 25 Aircraft Parts Manufacturing Tools and Dies: Applies to equipment and fixtures used to manufacture aircraft parts and
components. Jigs, dies, molds, patterns, tap and gauges, test equipment, manufacturing fixtures.
The acquisition cost of an item must include all costs required to put an item into service. The following costs are to be included: freight
and shipping costs, installation, engineering, rigging, erection, or assembly, to include foundations, pilings, utility connections, excise
and sales taxes. Indirect costs such as training, debugging, licensing fees, permits, insurance, or security are not included in the
acquisition cost.
2011 Personal Property Percent Good Schedules
Multiply the total acquisition cost times the appropriate percent good factor, based on property class and the acquisition year.
A complete online filing process can be found at: http://slco.org/assessor/ppfile/
The online form and
calculations are saved. You can return to it as often as needed before submitting to the Assessor.
The numbers in each intersecting cell below represent a percentage. The top row of numbers represents the year acquired.
10
Class
1*
2
3
4
5
7
8
12
13
15
16
20
21
25
68
86
81
66
87
89
89
62
53
47
92
90
83
81
09 08 07 06 05 04 03 02 01 00 99 98 97 96 95 94 93 All
prior
38
74
63
50
76
79
79
46
50
34
86
81
79
63
10
67
50
30
70
75
75
21
47
24
85
80
74
51
10
58
35
15
62
69
69
9
43
15
84
75
70
36
10
49
18
10
55
64
64
7
40
6
83
73
65
20
10
38
18
0
46
58
58
7
37
6
82
69
60
4
10
28
18
0
37
52
52
7
34
6
81
65
56
4
10
14
18
0
25
42
42
7
31
6
76
57
51
4
10
14
18
0
13
32
32
7
28
6
71
48
46
4
10
14
18
0
13
21
21
7
25
6
94
39
42
4
10
14
18
0
13
11
11
7
22
6
59
30
37
4
10
14
18
0
13
11
11
7
18
6
53
20
33
4
10
14
18
0
13
11
11
7
15
6
46
10
28
4
10
14
18
0
13
11
11
7
12
6
40
10
23
4
10
14
18
0
13
11
11
7
12
6
34
10
19
4
10
14
18
0
13
11
11
7
12
6
28
10
14
4
10
14
18
0
13
11
11
7
12
6
22
10
14
4
10
14
18
0
13
11
11
7
12
6
15
10
14
4
*Class 1 Special Valuation Issues: Rental Video Tapes, CD’s, and DVD’s are valued at $15 each for the first year and $3.00 ea thereafter.
Leasehold Improvements are no longer assessed as personal property and are not reportable on this form
10
14
18
0
13
11
11
7
12
6
8
10
14
4