Appealing Business Personal Property Valuation (Business Equipment)
The assessor mails a notice of valuation for business personal property to the owner by June 15. If the owner believes the assessor has incorrectly valued or classified the personal property, an appeal may be filed between June 15 and June 30.
To appeal an assessment, you should explain why you believe the value is wrong and provide any combination of the following:
Copies of depreciation schedules
Income tax filing
A list of all equipment owned
A complete list of equipment that is leased, loaned or rented by the business
The list or schedules should reflect what was owned on January 1 and identify disposals prior to January 1. Disposals after January 1 are not prorated for the current tax year.
Any appeals filed by an agent must have a Letter of Authorization attached to the appeal.
Appeals on BIA (Best Information Available) estimated values, as no declaration was received, should include supporting documentation, such as a depreciation schedule or asset listing.
What to Expect After You Appeal
If you appeal, we will mail you a response by August 15, that response will explain how to appeal to the County Board of Equalization (CBOE) if you are still dissatisfied. The County Board of Equalization (CBOE) starts meeting in September.
If you wish to appeal a County Board of Equalization (CBOE) decision, you must do so within 30 days of the decision. Your options will be described in the board’s response.