Personal property issue

[eli4625]

I see under personal property they list animals. I do have a dog, so do I list him and what he costs me each month? Or are they refering to livestock and such that brings in revenue?

[justbroke]

I see under personal property they list animals. I do have a dog, so do I list him and what he costs me each month?

Yes, you list your pet. However, this is not a monthly cost, this is the "value" for your pet. Generally, a pet is worth no more than $20. (Okay, please don't get emotional and say the pet is worth more to you. That's an intrinsic value and not a street value.)

If your pet is a thoroughbred, they will probably have more value than $20, unless they are old and neutered.

If your pet is a thoroughbred that you use as a stud or for breeding in a business, the pet will have a lot more value than $20.

Or are they refering to livestock and such that brings in revenue?

No, they are not referring to revenue producing animals (like livestock). There are some animals and pets, believe it or not, that have a lot of value... for instance, a horse!