Warren County Code has established specific procedures for filing returns and penalties for failure to file or improper filing.
Procedure for Filing Returns
According to Section 160-56 of the Warren County Code, all returns of tangible personal property owned as of January 1 of any year, including mobile homes, business equipment, and machinery and tools, should be filed by every person liable for the tax. The returns should be filed with the office of the Commissioner of Revenue on or before the 15th day of February of each calendar year.
However, there are exceptions for motor vehicles, trailers, boats, recreational vehicles, and motor homes that either acquired a situs within the county or were transferred to a new owner in the county after January 15. In these cases, the deadline for filing a return is 30 days following the date of such transfer or acquisition of situs in the county.
Penalty for Failure to File
Any person failing to file such return for all tangible personal property subject to the tax on or before the due date shall incur a penalty of 10% of the tax assessable on such return or $10.00, whichever is greater. However, the penalty shall not exceed the amount of the tax assessable. This penalty will be added to the amount of taxes or levies due and collected in the same manner as other taxes.
New Personal Property Tax Return
The owner or owners of motor vehicles, trailers, and boats must file a new personal property tax return whenever there is:
- A change in the name or address of the person or persons owning such taxable personal property;
- A change in the situs of personal property;
- Any other change affecting the assessment or levy of the personal property tax on motor vehicles, trailers, or boats for which a tax return has been filed previously; or
- Any change in which a person acquires one or more motor vehicles, trailers, or boats and for which no personal property tax return has been filed.
Remember to always stay vigilant about these filing requirements to avoid any penalties or issues with your tax assessment.