How and when is my personal property valued?

The value of your personal property is based on information submitted by you on your Personal Property Declaration Schedule, which is sent to you in January. You must return (file) your Personal Property Declaration Schedule by no later than April 15th of each year (extended to June 15, 2020 due to COVID-19). The information you provide on your Personal Property Declaration Schedule includes the original cost or the item and the year the item was put in service. A depreciation schedule is used to adjust the value of the item according to type and industrial life span of the personal property. If you fail to return your Personal Property Declaration Schedule, the value of your personal property will be determined using “the best information available.”

Show All Answers

1. Who has to pay Personal Property Tax?
2. What is Taxable Personal Property?
3. How and when is my personal property valued?
4. Can I get a list of the Personal Property items I have submitted?
5. What is a Personal Property Notice of Valuation?
6. What if I do not receive a Personal Property Notice of Valuation after filing my Personal Property Declaration Schedule?
7. If I disagree with the value of my personal property, what remedies do I have to change it?
8. Where do I get a Personal Property Protest Form?
9. How do I learn the results of my protest?
10. If I disagree with the Assessor’s decision, how do I appeal it?
11. What kind of ‘evidence’ do I need to present to the County Board of Equalization?
12. How do I learn the results of my appeal to the County Board of Equalization?
13. If I disagree with the County Board of Equalization’s decision, how do I appeal it?