Create a Website Account - Manage notification subscriptions, save form progress and more.
Show All Answers
All businesses having assets within Churchill County must complete and file an annual declaration which lists any personal property that is used in conjunction with the business as of the lien date, which is July 1st. The declaration is normally filed during the month of July each year. If the declaration is received by the business at any other time, it is due within fifteen days of receipt. New businesses should contact the Churchill County Assessor at the same time the business license is acquired, or prior to opening the business. Please remember, the responsibility of keeping the Assessor informed of any changes in the business address, location or mailing change, is that of the taxpayer. To add a new business or change information regarding an existing business, a declaration is available below to download. Please complete this form and return it to our office.
The completed declaration provides most of the information needed to determine the taxable value of the business personal property. All personal property used for the business should be listed completely and accurately. The cost and year of acquisition should be listed on the declaration. The cost is defined as the purchase price of the item, including any applicable shipping and installation charges. The year of purchase or acquisition is needed so that the value of the property can be reduced by any applicable depreciation. The depreciation factors are based on expected life schedules prescribed by the Nevada Tax Commission through the Personal Property Manual.
In Nevada, property taxes are based on "assessed value." In the case of business personal property tax, a "taxable value" is arrived at by reducing the original or acquisition cost by the applicable depreciation factors that may be found in the schedules which are linked above. Assessed value is computed by multiplying the taxable value by 35%, rounded to the nearest $1.00. To calculate the tax on your business that does not qualify for the tax abatement, let’s assume you have a business with the following equipment in the City of Fallon with a tax rate of $3.50 per hundred dollars of assessed value. To determine the tax see the example below:
Office furniture was purchased one year ago at a cost of .....................$1,200
The taxable value after depreciation is 1,200 x .87 = ...........................$1,044
A computer was purchased year ago at a cost of ................................$1,000
The taxable value after depreciation is 1,000 x .33 = ..............................$330
The total taxable value for above equipment is 1044 + 330 = ..............$1,374
The assessed value for the above equipment is 1,374 x .35 =................$481
The tax on the equipment would be 481 x .035 = ............................... $16.84
**The tax rates vary by district.
Most questions pertaining to the Business Personal Property Declaration can be answered by calling our office at (775) 423-6584. Our staff is happy to answer any questions you may have regarding the Business Personal Property Declaration, or schedule a convenient time to meet with you. Real and Personal Property Appraisers must be certified by the State of Nevada, and are required to maintain the certification through a program of continuing education.