West Virginia Commercial Business Property Return

Commercial Business Property Return
No Slide Title
STC 12:32C
(Rev. 2017)

PRINT RETURN

RESET FORM
STATE OF WEST VIRGINIA
Office of County Assessor
Commercial Business Property Return

For Internal
Use
__________
NAICS

THIS RETURN IS TO BE FILED AS SOON AS POSSIBLE AFTER JULY 1, BUT NO LATER THAN SEPTEMBER 1. IF YOU ARE THE
OWNER OF INDUSTRIAL BUSINESS PROPERTY YOU NEED NOT COMPLETE THIS FORM. CONTACT THE PROPERTY TAX DIVISION OF
THE DEPARTMENT OF TAX AND REVENUE CONCERNING FORM STC 12:32I FOR INDUSTRIAL PROPERTY. FILING LATE OR FAILURE TO
FILE MAY RESULT IN A PENALTY OF $25 TO $100.
ACCT#_________________________
The following is a complete and accurate report of all property owned by the undersigned at this location on July 1, _______.
This business is in the County of __________________________; District of: __________________________; Town/City of: _________________________.
BASIC BUSINESS INFORMATION
(PP11)

(PP51)

BUSINESS NAME AND MAILING ADDRESS

AGENT OR PREPARER’S NAME AND ADDRESS

NAME

NAME

ADDRESS

ADDRESS

CITY

CITY

STATE

ZIP CODE

STATE

ZIP CODE

PHONE (
)
EXTENSION
Federal Employers Identification Number
(FEIN) REQUIRED: ______________________________
BUSINESS REGISTRATION ACCOUNT ID: ____________________________
PRIMARY OWNER NAME AND ADDRESS (IF NOT SAME AS MAILING ADDRESS)

PHONE (

NAME

(PP11) PHYSICAL LOCATION OF BUSINESS IN WEST VIRGINIA
(IF NOT THE SAME AS MAILING ADDRESS)
ADDRESS

ADDRESS
CITY

EXTENSION

PLACE WHERE RECORDS ARE KEPT
PHONE (

)

CITY

STATE
PHONE (

)

ZIP CODE
)

STATE

EXTENSION

ZIP CODE

EMAIL:

Return is to be filed by all non-utility businesses; incorporated and unincorporated, except Railroad, Telegraph and Express Companies, Telephone
Companies, Pipe Line, Car Line Companies and other Public Utility Companies. The Law provides that every incorporated or unincorporated Company,
foreign or Domestic liable to taxation shall make a report of his property, in writing, to the Assessor whether called upon by the assessor or not. West
Virginia Code Chapter 11, Article 3, Section 12, and Chapter 11, Article 3, Section 15 as amended. PERSONAL PROPERTY NOT OWNED - If you
have possession, charge or control of any personal property as executor, administrator, guardian, committee, trustee, receiver, bailee, agent, attorney or in
any representative or fiduciary capacity, you must file a separate report with the assessor. Banks, Realtors, Property Managers or others in charge of leasing
or renting real estate are required to make a complete list of all furniture, fixtures and other personal property and an itemized list of the items.
(PP13)
REPORT OF PROPERTY YOU LEASE FROM OTHERS
This space is provided for the reporting of property “in charge of but not owned by” the entity completing this form (as Agent, Bailee, Lessee or other
representative capacity) such as, but not limited to, leased machinery, business or data processing equipment, vending machines, etc. Indicate the name and
address of owner, the property leased, the gross annual rent, estimated value. Attach additional sheets if needed.
NAME, ADDRESS AND TELEPHONE NUMBER
OF PROPERTY OWNER

TYPE OF
PROPERTY

GROSS ANNUAL
RENT

ESTIMATED
VALUE

ASSESSOR’S
USE

REAL ESTATE
List Real Estate situated in this county as required. The value estimate is your opinion of market value as of July 1, this year.
ITEM 1 - DESCRIPTION SHOWN ON
LAND BOOKS OR TAX STATEMENTS

SURFACE
Only (✓)

MINERAL
Only (✓)

In
FEE (✓)

QUANTITY OWNER’S
OWNER’S
IN ACRES VALUE LAND VALUE BLDGS

TOTAL OWNER’S
VALUE

ASSESSOR’S
USE

0
0
ITEM 2 - If you have added or deleted buildings (if deleted, identify as such) whereby the value of the real property has been altered by more than $1,000
since last return, describe the improvement or deletion and the location. Owner’s value should reflect both material and labor. If work is in progress on July
1 of this year, then report on Schedule E.
DESCRIPTION OF IMPROVEMENT OR DELETION

LOCATION

OWNER’S VALUE

ASSESSOR’S USE

(PP 13 or PP17)
BUILDINGS ON LEASED LAND
Building permanently fixed or intended for permanent fixture to land which is not owned by entity which owns the building(s). The lease must be a contract
which transfers all or part of the right to use of the land, exclusion and disposition from owner to tenant in exchange for a promise to pay rent.
NAME AND ADDRESS OF LAND OWNER

OWNER’S VALUE BUILDING

ASSESSOR’S USE

Note: Other leasehold improvements, to be reported on SCHEDULE A, are improvements and/or additions exclusive of buildings, to leased property which
have been made by the lessee.

PROPERTY INFORMATION
SCHEDULE A
(PP13 or PP17)

MACHINERY, EQUIPMENT, FURNITURE AND LEASEHOLD IMPROVEMENTS

Enter all property owned with the acquisition cost by year installed. Begin with the current year and each previous year, as required. Acquisition cost,
including the cost of machinery, equipment, furniture and fixtures intended for rent or lease, is defined as 100 percent of the cost new as shown by
books and records and is to include freight, installation charges, trade-ins, federal tax allowances and credit. If equipment was purchased in one year
and installed in the following year, the full cost is reportable in the year installed. PROPERTY OWNED AND STILL IN USE BUT WHICH HAS
BEEN FULLY DEPRECIATED OR WRITTEN OFF BUT STILL IN POSSESSION BY THE TAXPAYER MUST BE REPORTED.
Machinery and Equipment which has been fully depreciated and is no longer in use as part of a production process should be reported in “Schedule
G.” Property which is intended for rent or lease must be reported at 100 percent of acquisition cost regardless of period of rent. IF LEASEHOLD

IMPROVEMENTS ARE REPORTED, PLEASE INCLUDE A BRIEF DESCRIPTION OF THE ITEMS TO ASSURE THEY
ARE NOT VALUED AS PART OF THE REAL PROPERTY.
MACHINERY & EQUIPMENT

YEAR
PURCHASED

ACQUISITION
COST

OWNER’S

ASSESSOR’S

VALUE

USE

FURNITURE & FIXTURES
ACQUISITION
COST

OWNER’S

ASSESSOR’S

VALUE

USE

CURRENT YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PRIOR YEARS
TOTALS

0

0

0

0

LEASEHOLD IMPROVEMENTS

COMPUTER EQUIPMENT

YEAR
PURCHASED

ACQUISITION

OWNER’S

ASSESSOR’S

ACQUISITION

OWNER’S

ASSESSOR’S

COST

VALUE

USE

COST

VALUE

USE

CURRENT YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PREVIOUS YR. 20
PRIOR YEARS
TOTALS

0

0

0

0

West Virginia Code Chapter 11, Article 6J provides that the value of servers and tangible personal property directly used in a
high-technology field or an Internet advertising business shall be its salvage value. The terms “high-technology business” and
“Internet advertising business” are defined in West Virginia Code §11-15-9h. In order to receive salvage valuation treatment
the high-technology business activity or Internet advertising business activity of the company must be the primary business
activity and not a secondary or incidental activity of the company.
Acquisition Cost: $____________________

Owner’s Value: $____________________

Assessor’s Use: ___________________

PROPERTY INFORMATION
SCHEDULE B
(PP13 or PP17)

INVENTORY, CONSIGNED INVENTORY, PARTS, SUPPLIES

Taxpayer is to report all consigned goods, all inventory and merchandise, including parts, for resale; and all supplies and parts held for owner’s use, in
warehouse or in storage. Dealers of new and used motor vehicles, motorcycles, RV’s, trailers, motor boats, mobile homes and manufactured homes are to
complete and attach the Vehicle Dealers Inventory Worksheet in lieu of Schedule B. Daily passenger rental car inventory companies should complete and
attach the Rental Car Inventory Worksheet in lieu of Schedule B.
DESCRIPTION

ADDRESS OF CONSIGNORS OR FURTHER
DESCRIPTION

COST OF INVENTORY AS OF JULY 1
INVENTORIES CONSIGNED TO YOU
PARTS HELD FOR OWNER’S USE
SUPPLIES HELD FOR OWNER’S USE

ACQUISITION
COST

TOTALS

OWNER’S
VALUE

ASSESSOR’S
USE

0

0

The Warehouse Freeport Tax Amendment of 1986 provided that, “Personal property which is moving in interstate commerce through or over the State of
West Virginia, or which was consigned to a warehouse, public or private, within the State from outside the State for storage in transit to a final destination
outside the State, whether specified when transportation begins or afterward, shall be exempt from ad valorem taxation. Provided, that property shall be
deprived of such exemption if a new or a different product is created. Personal property of inventories of natural resources shall not be exempt from
ad valorem taxation unless required by paramount federal law. Such exemption shall not apply to inventories of natural resources held for the
manufacturing and sale of energy.” If you have reported assets on “Schedule B” which you believe are exempt under the Freeport Amendment, enter the
dollar value of the assets at 100 percent of acquisition cost.
Acquisition Cost $____________________________ Owner’s Value $__________________________ Assessor’s Use _________________________
SCHEDULE C
(PP13 or PP17)

MACHINERY & TOOLS IN PROCESS OF INSTALLATION

Machinery or tools purchased but not yet installed are reported here.
DESCRIPTION OF PROPERTY

ACQUISITION
COST

OWNER’S
VALUE

ASSESSOR’S
USE

MACHINERY IN PROCESS OF INSTALLATION OR CONSTRUCTION
TOOLS IN PROCESS OF INSTALLATION OR CONSTRUCTION
SCHEDULE D

OTHER PERSONAL PROPERTY

(PP13 or PP17)
All other property not reported on other schedules of this return should be listed here. Other personal property may include business libraries, reference
books, storage buildings, furniture and fixtures in process, household goods leased out for gain, etc. If you need additional space, please attach a list with
acquisition date, acquisition cost and owner’s value. For oil and natural gas drilling rigs please complete the supplemental schedule.
DESCRIPTION OF PROPERTY

ACQUISITION
DATE

ACQUISITION
COST

OWNER’S
VALUE

ASSESSOR’S
USE

STORAGE BUILDINGS
FURNITURE & FIXTURES IN PROCESS OF CONSTRUCTION
OIL & NATURAL GAS DRILLING RIGS
OTHER PERSONAL PROPERTY – DESCRIBE

0

0

TOTALS
SCHEDULE E
VEHICLES (PP16), TRAILERS, BOATS, AIRCRAFT (PP13 or PP17) & MOBILE HOMES (CA12, CA24 & PP13)
(Provide Additional Copies for Each Location)
Property Location: ____________________________________________________________________________________________________
Street Address
City
Zip Code
(List only those properties that are titled in the name of the business as shown on Page 1. Property you are leasing must be reported on Page 1 in section
titled Report of Property You Lease from Others. Properties disposed of after July 1 are taxable for the year and must be listed below. ) If needed,
attach additional sheets. If vehicles are assigned to company employees or officers, then provide name and address. Vehicle Identification Numbers can
be found on the registration card. List all vehicles such as boats, boat trailers, motorized golf carts, mobile campers, truck mounted campers, motorcycles,
motor scooters, utility trailers, recreational vehicles, all terrain vehicles (ATV’s), travel trailers, snowmobiles, aircraft, or personal watercraft (jet skis).
Include trailers used in Interstate Commerce. DO NOT INCLUDE VEHICLES WITH APPORTIONED PLATES.
TYPE

MAKE

MODEL

YEAR

MOBILE HOME DIMENSIONS OR
VEHICLE ID NUMBER

TRUCK GROSS ACQ.
ACQ.
VEHICLE WGT DATE COST

OWNER’S
VALUE

ASSESSOR’S
USE

West Virginia Code Chapter 11, Article 6H provides that the value of special aircraft property shall be its salvage value. Special aircraft property is
defined as "all aircraft owned or leased by commercial airlines or private carriers, or any parts, materials or items used in the construction, maintenance or
repair of aircraft which are, or are intended to become, affixed to or a part of an aircraft or of an aircraft's engine or of any other component of an aircraft,
used as such, by a repair station as defined under Part 145 of Title 14 of the United States Code of Federal Regulations, or any succeeding regulations
issued by the Federal Aviation Administration or any successor agency." If you have reported property on “Schedule E” which you believe to be special
aircraft property, enter the dollar value of the property at 100% of acquisition cost.
Acquisition Cost $__________________________ Owner’s Value $__________________________ Assessor’s Use __________________________
NUMBER OF SHEEP AND GOATS OF BREEDING AGE:

Sheep _______ (number)

Please include a $1.00 fee for each head with this completed form.

Goats ________ (number)

PROPERTY INFORMATION
SCHEDULE F
INCOMPLETE CONSTRUCTION
(PP13 or PP17)
Material costs for these buildings, additions or improvements which are incomplete and hence have not been assessed as real property must be reported here.
A rider must be attached to this statement showing the address of such buildings by year of construction.
DESCRIPTION OF PROPERTY

ACQUISITION
COST

OWNER’S
VALUE

ASSESSOR’S
USE

BUILDINGS, ADDITIONS, OR IMPROVEMENTS NOT FINISHED AT MATERIAL COST
SCHEDULE G

SALVAGE VALUE MACHINERY AND EQUIPMENT

(PP13 or PP17)
This is machinery and equipment which has been fully depreciated and is no longer used as part of a production process. Do not report these items on
“Schedule A”. If you need additional space, please attach a list with acquisition date, acquisition cost and owner’s value.
DESCRIPTION OF PROPERTY

ACQUISITION
DATE

ACQUISITION
COST

OWNER’S
VALUE

ASSESSOR’S
USE

SCHEDULE H
POLLUTION CONTROL FACILITIES
(PP13 or PP17)
If required, provide additional copies for each location. List all pollution control facilities installed after July 1, 1973 and approved by either the Office of
Water Resources or the Office of Air Quality, both of the Division of Environmental Protection, as a pollution control facility. If the pollution control facility
is not on the pre-approved pollution equipment list, a letter from either the Office of Water Resources or the Office of Air Quality, as the case may be, must
accompany this form.
LOCATION OF PROPERTY
DESCRIPTION OF PROPERTY
YEAR
ACQUISITION
ASSESSOR’S
INSTALLED
COST
USE

OTHER INFORMATION REQUIRED WITH THIS RETURN
Type of Business Entity (Check One): Corporation
Partnership
Sole Proprietor
Other: ________________________________
Description of Business Activity: _______________________________________________________________________________________________
Enter Federal Employers Identification Number (FEIN) REQUIRED: _______________________________________________________________
Business Registration Account ID: ____________________________________________________________________________________________
Please insert North American Industry Classification System Code (NAICS), if known: ____________________________________________________
No
(Explain) _________________________________________________________
DEPRECIATION SCHEDULE Attached?
Yes
BALANCE SHEET Attached?
Yes
No
(Explain) __________________________________________________________
In lieu of a balance sheet, a Profit or Loss Statement (Schedule C) from your Federal Income Tax Return may be submitted. Failure to attach these items will
be grounds upon which the County Assessor may reject this return. If you need forms or assistance, contact the County Assessor.
I, ___________________________________________________________, (president, treasurer, manager, owner or other title) ____________________
of ________________________________________________________________, do affirm that the information on this return, to the best of my knowledge
and judgment, is true in all respects; that it contains a statement of all the real estate and personal property, including credits and investments belonging to the
business; that the value affixed to such property is, in my opinion, its true and actual value, by which I mean the price at which it would sell if voluntarily
offered for sale on such terms as are usually employed in selling such property, and not the price which might be realized at a forced or auction sale; and said
business has not, to my knowledge, during the sixty-day period immediately prior to the first day of the assessment year converted any of its assets into
nontaxable securities or notes or other evidence of indebtedness for the purpose of evading the assessment of taxes thereon.
Signed ____________________________________________________ Title ______________________________________ Date _____/______/_____

YEAR _____

COMMERCIAL BUSINESS

PROPERTY RETURN

SCHEDULES

FOR ASSESSOR’S USE

LEASED PROPERTY

REAL ESTATE

CLASS 3 OR 4

A-MACH. & EQUIPMENT

A-FURN. & FIXTURES

A-LEASEHOLD IMPROV.

A-COMPUTER

A-HIGH TECH. PROP.

B-INVENTORIES

C-MACH. & TOOLS N/INST.

D-OTHER PROPERTY

E-VEHICLES

F-INC. CONSTRUCTION

G-SALVAGE MACH. & EQUIP.

H-POLLUTION FACILITIES

TOTAL CLASS 3 OR 4

For
Internal
Use
_________
NAICS