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Wayne County Courthouse |
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Western Gate to the Mountain State |
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Commercial Business Returns |
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As a business owner in the State of West Virginia, your business personal property is subject to ad valorem taxes. Tangible personal property includes material items such as watercraft, aircraft, motor vehicles, furniture, fixtures, machinery and equipment, tools, dies, jigs, patterns, and stock in trade (including inventories, supplies, materials in process and other similar items). This tax is based on personal property owned by your business on July 1 of every year. Completing this form will help us accurately assess your property. We require the original blue form be returned to us with all schedules completed. If they do not apply, list “none”. House Bill 2618, passed on April 8, 1989, amends West Virginia Code 11-3-12, and mandates that Personal Property returns are due on or before October 1 each year. West Virginia Basic Business Information It is important to make certain this section is filled out accurately and completely, in order to ensure proper assessment and billing. If a printer label is on the form, please verify that the information is correct. If the information is incorrect, make the necessary changes. Please state the actual location of your business in West Virginia, and a name and telephone number of someone who can answer any questions we may have. Property you lease from others Please list all property you lease from others, with date acquired and cost of machinery & equipment, furniture & fixtures, and/or gross annual rent. We must have the name, address, and phone number of the property and the property leased. Attach additional sheets if necessary. Real Estate Please list all property owned by your company in Wayne County. Description is the district, map and parcel number which can be found on your tax statements. List any improvements and deletions. Buildings on Leased Land: If you own any buildings situated on land belonging to someone else, you must list the name and address of the land owner. Also list the District, map and parcel number, if known. Schedule A Machinery & Equipment, Furniture & Fixtures, Leasehold Improvements, Computers: List all of the above in the calendar year of purchase and purchase cost. Property that is owned and still in use, but which has been fully depreciated or written off must be reported. Computer equipment is to be listed separately to receive correct depreciation (five year life). Any property which has been fully depreciated and is NO LONGER USED as part of the production process should be listed on “Schedule F- Salvage Value Machinery and Equipment.” What are leasehold improvements? Leasehold improvements are any permanent improvements and/or additions, exclusive of buildings, to leased property which have been made by the lessee. (i.e. remodeling, wallpaper, carpet, etc.) All leasehold improvements are to be reported on Schedule A. Schedule B Inventory, Consigned Inventory, Parts, Supplies: Taxpayer is to report all consigned goods, supplies, parts, inventory, and merchandise for resale; in warehouse or storage. Vehicle/Mobile Home/Manufactured Home Dealers: Dealers of new and used motor vehicles, motorcycles, recreation vehicles, trailers, mobile homes, and manufactured homes are required to complete and attach the “Vehicle Dealers Inventory Worksheet” in place of Schedule B. Please read the instructions on the worksheet very carefully before completing it, as some exemptions may apply. All dealers must submit an Income Statement to support information appearing on the worksheet. Warehouse Freeport Tax Amendment: Goods which have been moved to a warehouse or storage facility, at which no substantial alteration takes place, to await shipment to a destination outside this state are deemed to be moving in interstate commerce over the territory of the state, and therefore are exempt from ad valorem property tax and do not have a tax situs in West Virginia for purposes of ad valorem taxes. The Freeport Exemption does not apply to inventory of natural resources of goods in process of manufacture. Schedule C Machinery & Tools in Process of Installation: Machinery or tools purchased, but not yet installed, are reported here. Schedule D Other Personal Property: Other Personal property may include business libraries, reference books, in addition to storage buildings, and furniture and fixtures in process of construction. Schedule E Incomplete Construction: The cost, new, of any materials for buildings, additions, or improvements which are incomplete and therefore are not assessed as real property must be reported here. Schedule F Salvage Value Machinery and Equipment: List cost new, of all machinery and equipment which has been fully depreciated, and is NO LONGER USED AS PART OF THE PRODUCTION PROCESS. These items should not be reported on schedule A. Schedule G Pollution Control Facilities: All Pollution Control facilities installed after July 1, 1973, and approved by Water Resource Division of DNR or Air Pollution Control should be listed with location, year installed, and original cost. The State Tax Department provides our office with a list of all qualified equipment. Schedule H Vehicle, Trailers, Boats, Aircraft and Mobile Homes: (Provide additional copies for each location). We must have a complete listing of all licensed and unlicensed vehicles titled in the name of the company, including year purchased and cost new. If you have more than 4 vehicles, please attach a separate list. Failure to file the necessary information will result in your vehicles, trailers, etc. being priced according to the highest value for that item. We need the following information to price your vehicles, trailers, etc properly: Automobiles: Year, make, model, vehicle identification number, 2 or 4 wheel drive, date acquired, and purchase price. Trucks and Small Trailers: Year, make, model, vehicle identification number, 2 or 4 wheel drive, size (1/2 or 3/4 ton) date acquired, and purchase price. Large Trucks: Year, make, model, vehicle identification number, gross weight, number of axles, date acquired, and purchase price. Note: Do not list trucks used in inter-state trade. Trailers: Year, make, model, vehicle identification number, type (van, tanker, refrigerator, dump, flatbed, etc.), length, number of axles, date acquired, and purchase price. For tankers, please list gallon capacity. Other information required with this return: Type of Business Entity: please check one: Corporation, Partnership, sold proprietorship, or other. Description of Business Activity: Please describe your principal activity of business. North American Industry Classification System (NAICS) code: please list the NAICS code for your business, if you do not know your code, leave this line blank. Additional form required: Please make sure you include a copy of your depreciation schedule and balance sheet, or schedule C with your return. MAILING ADDRESS P. O. Box 40 Wayne, WV 25570 OFFICE LOCATIONS Personal Property Office Room 105, Wayne County Courthouse Real Estate Office 705 Hendricks Street, (next to Wayne Pharmacy) OFFICE HOURS Monday, Tuesday, Wednesday, & Friday8 am – 4 pmThursday 8 am – 8 pm
TELEPHONE NUMBERS
Assessor Eric L. Hodges 272-6352 Personal Property 272-6357 Real Estate 272-6349 Businesses 272-5970 Natural Resources 272-6353 Mapping 272-6366
E –MAIL assessor@waynecountywv.org |
