Personal property returns due May 1, penalties waived until July 15

McCOOK, Neb. -- The Red Willow County Assessor wants to remind owners of personal property that the returns should be filed now for the tax year 2020. Anyone who owns any depreciable taxable tangible personal property on or before January 1st must file a personal property return. Your federal income tax depreciation worksheet is required for verification.

Due to the impact of the COVID-19 virus and the measures taken to help limit it’s spread throughout the state, Governor Ricketts issued Executive Order No. 20-17 concerning the filing of personal property. The filing date remains May 1 however, for personal property returns filed between May 1 and July 15, 2020, any and all penalties will be waived.

The $10,000 exemption will be applied to returns filed on or before July 15, 2020. Any personal property returns filed or value added to a return after July 15, 2020 are not eligible for the $10,000 exemption.

Please mail your personal property return and depreciation worksheet to: Kristi Korell, Red Willow County Assessor at 502 Norris Ave, McCook, NE 69001 or email to rwassessor@gmail.com or you may use the drop box by the front door of the courthouse.

We appreciate your cooperation during this time and encourage you to file as soon as possible.