How is my equipment assessed?

The county assessor determines the actual value of personal property. By law, a declaration  schedule must be filed annually with the assessor. Failure to file by  April 15 will result in a 15% or $50 fee, whichever is less.  Failure to make a complete disclosure of personal property will result  in an additional penalty of 25% of the value of the undisclosed  property.

If a declaration schedule is not filed, the assessor will estimate the value of the property. This is not contestable in court. 

Show All Answers

1. How is my equipment assessed?
2. What if my business closes?
3. What is a distraint warrant?
4. Do I have to pay more if my business is served with a distraint warrant?
5. What if my business is sold?