Jefferson County Seal
Jefferson County,
Missouri
Est. 1818
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Business

Business  Personal Property

Contact:  636-797-5475 (p) or bppassessor@jeffcomo.org or  636-797-5083 (f)

 

State Statute RSMo.137.122 states “Business personal property is tangible personal property that is used in a trade or business or used for production of income and which has a determinable life of longer than 1 year except that supplies used by a business shall also be considered business personal property, but shall not include livestock, farm machinery, grain, and other agricultural crops in an unmanufactured condition”.

 

Construction Work in Progress is taxed at its normal depreciated value, as determined by its life class, when it is placed in service. 

 

State Statute RSMo.137.122 states “…(5) “Placed in Service”, property is placed in service when it is ready and available for a specific use, whether in a business activity, an income-producing activity, a tax-exempt activity, or a personal activity. Even if the property is not being used, the property is in service when it is ready and available for its specific use;…”

 

Types of business personal property include, but is not limited to: 

 

●   Computers & Peripheral Equipment (desktops, keyboards, scanners, check swipes, telephone systems, etc.)

 

●   Office Equipment (adding machines, answering machines, cash registers, photocopy machines, televisions, etc.)

 

●   Consumer Utilized Equipment (bill change machines, vending machines, washers/dryers, etc.)

 

●   Dies, Molds, & Jigs (assembly fixtures & jigs, bottle fixtures, punch dies, etc.)

 

●   Furniture, Fixtures, & Signs (added light fixtures, animal cages, book cases, billiard tables, desks, etc.)

 

●  Leasehold Equipment & Improvements (added light fixtures, removable walls, security systems, etc.)

 

●   Machinery & Equipment (bench grinders, bulldozers, bobcats, concrete forms, ladders, forklifts, fitness equipment, etc.) 

 

 


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