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TANgIbLE PERSONAL PROPERTY TAX RETURN. Property Assessed January 1 , 2012. Page No. . Year. Make ... 62A500-S1 (11-11). Commonwealth of .

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How to fill out the 62a500 S1 11 11 form online

The 62a500 S1 11 11 form is essential for automobile dealers in Kentucky to report their inventory for tangible personal property tax purposes. This guide provides clear, step-by-step instructions to assist users in completing the form accurately online.

Follow the steps to successfully complete the form online.

  1. Click ‘Get Form’ button to access the form and open it in your preferred online editor.
  2. Enter the name of your business in the designated field. Ensure accuracy to avoid any issues with identification.
  3. Provide the Social Security Number or Federal ID Number associated with your business. This information is crucial for tax processing.
  4. Input the name of the dealer in the respective section. This should reflect the authorized dealer's name.
  5. Fill in the telephone number including the area code. This is important for contact purposes.
  6. If filing a joint return, include the second Social Security Number in the specified area.
  7. Complete the mailing address fields with your current address, ensuring to include the city or town, state, and ZIP code.
  8. In the property location section, indicate where the assessed property is physically located, including the full street address and county.
  9. List the year, make, model, and license plate number of each vehicle. If applicable, ensure all information is accurate and complete.
  10. Provide the vehicle identification number for each vehicle listed. This information is vital for proper identification.
  11. Finally, calculate the total from this page and input it in the designated area. Reference the NADA trade-in value for further assistance.
  12. Once you have reviewed all entries for accuracy, proceed to save your changes. You can also download, print, or share the completed form as needed.

Complete your documents online to ensure timely filing and compliance.

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Tangible personal property (TPP) is all goods, property other than real estate, and other articles of value that the owner can physically possess and has intrinsic value. Inventory, household goods, and some vehicular items are excluded.​​

Anyone owning tangible personal property on January 1 must file a tax return by April 1 each year unless you were notified by our office that the filing requirement has been waived. Every new business owning tangible personal property on January 1 must file an initial tax return.

Returns filed after the due date will be assessed by the Kentucky Department of Revenue, Omitted Personal Property Branch. Returns filed after May 15th should be mailed to Kentucky Department of Revenue, Omitted Tangible Branch, 501 High Street, Station 32, Frankfort, KY 40601.

At the beginning of each year a tangible personal property tax return is mailed to all property owners for all accounts with a value more than $25,000 in the previous year, new businesses, or purchased a business. Failure to receive a return does not excuse a person from filing or the penalties on late returns.

Welcome to the Kentucky Department of Revenue's Electronic Payment Application. This site uses Secure Socket Layer (SSL) 128-bit encryption to safeguard the security of your transactions. At this time, DOR accepts payments by credit card or electronic check.

$25,000 TPP Exemption If you file your TPP return by April 1, you will be eligible for a property tax exemption of up to $25,000 of assessed value. (see s. 196.183, F.S.)

Tangible Personal Property Tax is an ad valorem tax assessed against the furniture, fixtures and equipment located in businesses and rental property. Ad valorem is a Latin phrase meaning “ing to worth”.

The 1½ cent per $100 tax rate applies to accounts receivable and “any other intangible property rights arising out of or created in the course of regular and continuing business transactions substantially performed outside this state” (KRS 132.020).

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