The Personal Property Division is
responsible for the discovery and assessment of all taxable business
property, boats, and aircraft. Although assessed differently,
the tax rate for both personal and real property at the same
location is the same.
Business personal property is
appraised annually at its full market value. Each year
business owners must file a Property Statement
(571) detailing costs of all supplies, equipment and fixtures at
each location as of January 1 (lien date). The 571 is a
standardized form approved by the Board of Equalization and is
mailed each year by the Assessor.
This annual statement is required unless the property qualifies
for a direct assessment. If the business property
qualifies for direct assessment, an abbreviated report may be
prepared on a form provided by the Assessor.
Additionally, anyone owning business property with a cost
exceeding $100,000 must file a Business Property
Statement annually whether or not it is requested by the
Business Inventory on hand for sale
or rent, application software, and licensed vehicles are some
examples of exempt property.
Examples of taxable property are:
Building / Fixtures / Land
Office Furniture & Equipment
Machinery & Equipment
Computer Hardware & Operating
Property Leased to Others
Construction In Progress