What penalties apply to personal property?
If personal property is not listed or if a rendition is untimely filed, the County Appraiser is required by law to apply any applicable penalties. These penalties are set forth in K.S.A. 79-1422 and K.S.A. 79-1427(a) as follows: Date Rendition Filed Penalty Filed on March 16 – April 15 5% Filed on April 16 – May 15 10% Filed on May 16 – June 15 15% Filed on June 16 – July 15 20% Filed on or after July 16 until March 15 of following year 25% Failure to file full and complete statement within one year 50% Fail to file, omitted or under-reported for more than one year 50% The County Appraiser has the duty of listing and appraising all tangible personal property in the county that is owned by, held, or in the possession of a business. If a taxpayer fails or refuses to file a rendition or, if the rendition filed does not truly represent all the property, the County Appraiser has the duty to investigate, identify, list and value such property in an effort to achieve uniformity and equality (
