Personal Property Tax - Aircrafts
5.12.155. Personal property tax--Assessments--Aircraft--Appeal.
For purposes of taxation, aircraft that have been issued an N number by the Federal Aviation Administration ("FAA") by January 1 of the tax year shall be totally exempted from ad valorem taxes and shall be taxed based on the chart below:
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AIRCRAFT FLAT TAX SCHEDULE BASED ON (MGWIL) Manufacturers Gross Weight with an Internal Load |
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Fixed Wing |
Rotorcraft/Rotary Wind |
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| Class | Weight | Annual Tax | Class | Weight | Annual Tax |
| 1 | Less than 2,000 lbs | $50 | 1 | Less than 1,500 lbs | $100 |
| 2 | 2,000 to less than 4,000 lbs | $100 | 2 | 1,500 to less than 3,500 | $600 |
| 3 | 4,000 to less than 6,000 lbs | $300 | 3 | 3,500 or more in weight | $1,000 |
| 4 | 6,000 to less than 12,500 lbs | $600 | |||
| 5 | 12,500 or more in weight | $1,000 | |||
The owner of record of an aircraft that have been dismantled, destroyed or crashed and the FAA N number has been retained by the aircraft's owner of record may submit to the assessor on an approved form "Aircraft Statement of Condition" that would allow for ad valorem taxation of that aircraft if approved. Aircraft for which such registration or licensing has lapsed or that has not passed the annual inspection required by the FAA shall not qualify on this basis alone for ad valorem taxation unless it has been dismantled, destroyed or crashed.